Analysts Set Coupang, Inc. (NYSE:CPNG) PT at $27.56

Coupang, Inc. (NYSE:CPNG) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.56.

Several equities research analysts have recently issued reports on CPNG shares. Citigroup lowered their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein upgraded 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

CPNG opened at $21.36 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The stock has a market capitalization of $38.42 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 215.03 and a beta of 1.10. The stock’s 50 day moving average price is $23.77 and its 200-day moving average price is $23.25.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts predict that Coupang will post 0.11 EPS for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the acquisition, the director now owns 52,038,723 shares of the company’s stock, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of Coupang 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 completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coupang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Coupang during the third quarter worth $28,000. Asset Dedication LLC grew its position in shares of Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after acquiring an additional 990 shares during the period. Van ECK Associates Corp boosted its stake 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 purchasing an additional 484 shares during the period. Wolff Wiese Magana LLC boosted its stake in Coupang by 330.4% in 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% in 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 and hedge funds.

Coupang Company Profile

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.