Coupang, Inc. (NYSE:CPNG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $27.56.

Several equities research analysts recently commented on CPNG shares. Citigroup decreased their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, October 7th.

Insiders Place Their Bets

In related news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the completion of the transaction, the director now owns 52,038,723 shares of the company’s stock, valued at approximately $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction on Monday, November 11th. The shares were 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 approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares in the last quarter. Covestor Ltd grew its position in Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after acquiring an additional 612 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Coupang by 2.2% during the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after purchasing an additional 747 shares during the period. Advisory Resource Group raised its stake in shares of Coupang by 1.9% during the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock valued at $1,083,000 after purchasing an additional 823 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Coupang by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock worth $141,000 after buying an additional 890 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Price Performance

CPNG stock traded down $0.44 during trading on Wednesday, reaching $22.31. 5,876,144 shares of the company were exchanged, compared to its average volume of 6,421,629. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market cap of $40.13 billion, a P/E ratio of 39.14, a PEG ratio of 215.03 and a beta of 1.10. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $23.26.

Coupang (NYSE:CPNG) last released 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 during the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. As a group, analysts predict that Coupang will post 0.11 earnings per share for the current fiscal year.

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.