Coupang, Inc. (NYSE:CPNG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Coupang, Inc. (NYSE:CPNG) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.56.

CPNG has been the subject of a number of research analyst reports. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, October 7th. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday.

Insider Activity at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the purchase, the director now owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. This represents a 1.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Coupang

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Coupang in the 3rd quarter valued at about $28,000. Asset Dedication LLC boosted its stake in shares of Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after buying an additional 990 shares during the period. Van ECK Associates Corp increased its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares during the period. Wolff Wiese Magana LLC raised its stake in Coupang by 330.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Coupang by 438.9% during the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after acquiring an additional 1,931 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 1.9 %

Shares of CPNG traded down $0.44 during trading hours on Wednesday, reaching $22.31. 5,876,144 shares of the company traded hands, compared to its average volume of 6,421,629. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 215.03 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang has a 12-month low of $13.51 and a 12-month high of $26.91. The stock’s fifty day moving average price is $24.00 and its 200 day moving average price is $23.26.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. Sell-side analysts forecast that Coupang will post 0.11 earnings per share for the current year.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.