Brokerages Set Coupang, Inc. (NYSE:CPNG) Price Target at $27.56

Coupang, Inc. (NYSE:CPNG) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.56.

Separately, Citigroup reduced their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th.

Coupang Trading Up 0.5 %

Shares of NYSE CPNG opened at $23.69 on Friday. The business has a fifty day simple moving average of $23.04 and a 200-day simple moving average of $23.46. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $42.62 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 42.58 and a beta of 1.11. Coupang has a 12 month low of $13.66 and a 12 month high of $26.91.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. Sell-side analysts predict that Coupang will post 0.14 EPS for the current year.

Insider Activity

In related news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,009,234 shares of company stock worth $344,761,515 over the last ninety days. Insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after acquiring an additional 6,584,910 shares in the last quarter. State Street Corp raised its stake in shares of Coupang by 1.9% during the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after acquiring an additional 259,400 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after acquiring an additional 2,603,046 shares during the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after purchasing an additional 29,164 shares during the last quarter. 83.72% of the stock is 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.