Coupang, Inc. (NYSE:CPNG) Receives Average Recommendation of “Hold” from Analysts

Coupang, Inc. (NYSE:CPNG) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.3917.

A number of brokerages recently weighed in on CPNG. The Goldman Sachs Group set a $31.00 price objective on Coupang in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and dropped their target price for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. Weiss Ratings restated a “sell (d)” rating on shares of Coupang in a report on Tuesday, August 4th. CLSA started coverage on Coupang in a report on Monday, June 15th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Mizuho set a $22.00 price objective on Coupang in a research note on Wednesday, August 5th.

Coupang Trading Down 0.1%

CPNG opened at $16.51 on Monday. The company has a market cap of $29.68 billion, a P/E ratio of -38.40 and a beta of 1.13. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $16.87 and its 200-day moving average is $17.79. Coupang has a 1-year low of $14.92 and a 1-year high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.18. The business had revenue of $8.86 billion during the quarter, compared to the consensus estimate of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities research analysts predict that Coupang will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Harold Rogers sold 192,110 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the transaction, the insider owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jonathan D. Lee sold 5,519 shares of Coupang stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.10, for a total transaction of $88,855.90. Following the transaction, the chief accounting officer owned 181,915 shares in the company, valued at approximately $2,928,831.50. This trade represents a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.83% of the company’s stock.

Institutional Trading of Coupang

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Coupang by 72.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $99,000 after buying an additional 1,395 shares during the period. Baird Financial Group Inc. raised its position in shares of Coupang by 52.8% during the second quarter. Baird Financial Group Inc. now owns 23,471 shares of the company’s stock worth $703,000 after acquiring an additional 8,107 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Coupang by 48.1% in the second quarter. Cerity Partners LLC now owns 45,252 shares of the company’s stock worth $1,356,000 after acquiring an additional 14,703 shares during the period. State Street Corp lifted its stake in shares of Coupang by 8.4% in the second quarter. State Street Corp now owns 15,641,775 shares of the company’s stock worth $468,628,000 after acquiring an additional 1,210,801 shares during the period. Finally, AXA S.A. bought a new stake in Coupang in the second quarter valued at approximately $411,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.