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

Shares of Coupang, Inc. (NYSE:CPNG) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $29.64.

Several equities research analysts have issued reports on CPNG shares. Barclays boosted their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th. Finally, Mizuho upgraded shares of Coupang to a “hold” rating in a research note on Friday, April 18th.

Insider Activity

In other news, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the transaction, the vice president now owns 177,106 shares of the company’s stock, valued at $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,334,697 shares of company stock worth $780,547,061. 13.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CPNG. Harbour Capital Advisors LLC boosted its stake in Coupang by 21.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 28,650 shares of the company’s stock valued at $642,000 after acquiring an additional 4,975 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in Coupang by 2.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 33,683 shares of the company’s stock valued at $740,000 after acquiring an additional 896 shares during the last quarter. Ignite Planners LLC boosted its stake in Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the last quarter. Oak Thistle LLC bought a new position in Coupang during the 4th quarter valued at $1,651,000. Finally, Assenagon Asset Management S.A. boosted its stake in Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock valued at $24,182,000 after acquiring an additional 506,622 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Performance

Shares of CPNG stock opened at $27.14 on Tuesday. Coupang has a one year low of $18.16 and a one year high of $27.73. 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 50 day moving average price of $23.11 and a 200 day moving average price of $23.44. The firm has a market capitalization of $49.28 billion, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts anticipate that Coupang will post 0.17 EPS 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.