Coupang, Inc. (NYSE:CPNG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Coupang, Inc. (NYSE:CPNG - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.56.

A number of equities analysts have issued reports on CPNG shares. CLSA raised shares of Coupang from a "hold" rating to an "outperform" rating and raised their price target for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Monday, October 7th.

Insider Activity at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 2,000,000 shares of the company's stock, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of Coupang stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the acquisition, the director now owns 52,726,423 shares of the company's stock, valued at $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coupang

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in 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 acquiring an additional 484 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Coupang by 10.4% in the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company's stock valued at $159,000 after purchasing an additional 612 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Coupang by 6.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company's stock valued at $235,000 after purchasing an additional 635 shares during the period. Janus Henderson Group PLC grew its stake in Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock worth $850,000 after buying an additional 747 shares during the last quarter. Finally, Advisory Resource Group increased its position in Coupang by 1.9% during the third quarter. Advisory Resource Group now owns 44,096 shares of the company's stock worth $1,083,000 after buying an additional 823 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Down 1.8 %

Shares of CPNG traded down $0.43 during midday trading on Friday, hitting $23.89. 6,092,863 shares of the company's stock traded hands, compared to its average volume of 9,658,216. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $42.97 billion, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07. Coupang has a 1 year low of $13.51 and a 1 year high of $26.91. The firm's fifty day moving average is $24.97 and its 200-day moving average is $23.15.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The company had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. During the same period last year, the business earned $0.05 EPS. Coupang's revenue for the quarter was up 27.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Coupang will post 0.11 earnings per share 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.