Brokerages Set Coupang, Inc. (NYSE:CPNG) PT at $27.56

Coupang, Inc. (NYSE:CPNG - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.56.

Separately, Citigroup cut their price target on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, January 8th.

Coupang Price Performance

NYSE CPNG traded up $0.30 during trading hours on Friday, reaching $24.01. The company's stock had a trading volume of 8,702,160 shares, compared to its average volume of 6,190,211. 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's 50-day moving average is $23.04 and its two-hundred day moving average is $23.46. Coupang has a fifty-two week low of $13.67 and a fifty-two week high of $26.91. The stock has a market cap of $43.18 billion, a PE ratio of 42.12, a PEG ratio of 42.58 and a beta of 1.11.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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%. The company's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. Analysts forecast that Coupang will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,000,000 shares of the company's stock, valued at approximately $45,940,000. This represents a 88.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $24.08 per share, for a total transaction of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares of the company's stock, valued at $1,269,652,265.84. This trade represents a 1.32 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,009,234 shares of company stock worth $344,761,515. 13.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coupang

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. State Street Corp increased its stake in shares of Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company's stock worth $346,783,000 after buying an additional 259,400 shares during the last quarter. Wellington Management Group LLP raised its holdings in Coupang by 43.2% in the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock valued at $211,868,000 after acquiring an additional 2,603,046 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in Coupang by 53.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after acquiring an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Coupang by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after acquiring an additional 29,164 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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.