Coupang (NYSE:CPNG) Stock Rating Upgraded by Wall Street Zen

Coupang (NYSE:CPNG) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also issued reports on the stock. Bank of America decreased their target price on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Barclays raised their target price on shares of Coupang from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Coupang in a research report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and dropped their price target for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. Finally, Sanford C. Bernstein cut their price target on Coupang from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Thursday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.41.

Coupang Trading Down 0.1%

Shares of Coupang stock opened at $16.27 on Friday. The firm has a 50-day moving average of $14.74 and a 200-day moving average of $17.15. The stock has a market cap of $29.25 billion, a PE ratio of -21.41 and a beta of 1.15. Coupang has a 52-week low of $13.35 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.58 and a current ratio of 0.80.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Coupang had a negative return on equity of 21.51% and a negative net margin of 3.77%. The business had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the prior year, the business posted $0.05 earnings per share. Coupang’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Coupang will post -0.60 EPS for the current year.

Insider Activity at Coupang

In other news, CAO Jonathan D. Lee sold 5,519 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $13.65, for a total value of $75,334.35. Following the completion of the transaction, the chief accounting officer directly owned 176,396 shares in the company, valued at approximately $2,407,805.40. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPNG. Tiger Global Management LLC grew its stake in shares of Coupang by 31.7% during the first quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company’s stock worth $653,161,000 after buying an additional 8,328,148 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Coupang by 112.3% during the third quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company’s stock worth $389,777,000 after buying an additional 14,865,737 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in shares of Coupang by 98.3% during the first quarter. Coronation Fund Managers Ltd. now owns 11,771,286 shares of the company’s stock worth $222,242,000 after buying an additional 5,835,072 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coupang by 20.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,366,766 shares of the company’s stock worth $82,404,000 after buying an additional 732,300 shares in the last quarter. Finally, RDST Capital LLC lifted its stake in shares of Coupang by 69.3% in the 1st quarter. RDST Capital LLC now owns 3,646,900 shares of the company’s stock valued at $68,853,000 after acquiring an additional 1,492,500 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang News Roundup

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Analyst actions are broadly supportive: Barclays raised its price target to $32 and maintained an Overweight rating, while Citi upgraded Coupang to Buy with a $19 target. Barclays rating Citi upgrade
• Positive Sentiment: Q3 constant-currency revenue grew 11% year over year, and Taiwan WOW membership more than doubled. These growth figures may help reinforce the longer-term expansion story. Q3 investor takeaways
• Neutral Sentiment: Wall Street analyst coverage remains divided: Bernstein cut its target to $11 and kept an Underperform rating, contrasting with the recent upgrades. Bernstein rating
• Negative Sentiment: A Seoul court dismissed Coupang’s suit challenging a fine from South Korea’s data-protection agency, leaving an adverse regulatory decision in place and adding legal risk. Court ruling
• Negative Sentiment: Despite revenue exceeding estimates, Coupang’s latest quarterly EPS missed analysts’ expectations, and coverage highlighted widening losses. That earnings-quality concern may temper optimism around the growth and analyst upgrades. Q3 growth and losses analysis

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company best known for its online marketplace in South Korea. The platform offers products across categories such as electronics, apparel, household goods and groceries, combining third-party sellers with retail operations and a network of fulfillment and delivery services.

Its services include Rocket Delivery for rapid shipping, Rocket Fresh for grocery delivery and Coupang Eats for food delivery. Coupang also offers Coupang Play, a video-streaming service, and operates a paid membership program called Rocket Wow.