Coupang, Inc. (NYSE:CPNG) Receives $27.56 Consensus PT from Brokerages

Shares of Coupang, Inc. (NYSE:CPNG) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.56.

Several brokerages have weighed in on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and upped their target price for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, October 7th.

Coupang Price Performance

Shares of CPNG opened at $23.60 on Friday. Coupang has a 1-year low of $13.51 and a 1-year high of $26.91. The stock has a market cap of $42.44 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm has a fifty day moving average price of $24.93 and a 200 day moving average price of $23.15.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.76 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coupang will post 0.11 EPS for the current year.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following 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. Company insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in Coupang during the 3rd quarter valued at about $28,000. Asset Dedication LLC boosted its stake in Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp boosted its stake in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares during the period. Wolff Wiese Magana LLC boosted 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 purchasing an additional 1,295 shares during the period. Finally, Signaturefd LLC boosted its stake in Coupang by 438.9% during the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after purchasing an additional 1,931 shares during the period. 83.72% of the stock is currently owned by institutional investors.

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.