Coupang (NYSE:CPNG) Stock Rating Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Coupang from “Strong Sell” to “Sell,” while analyst opinions remain mixed overall: MarketBeat reports a consensus “Hold” rating and an average price target of $23.41.
• Recent analyst moves were split: Barclays raised its target to $32 and Citi upgraded the stock to “Buy,” while Deutsche Bank and Bank of America also maintained Buy ratings with lower targets.
• Coupang’s latest quarterly revenue of $9.96 billion topped estimates and rose 7.5% year over year, but EPS of -$0.18 missed the -$0.09 consensus estimate.

Coupang (NYSE:CPNG - Get Free Report) was upgraded by stock 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.

Several other research analysts also recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and cut their price target for the stock from $23.00 to $21.50 in a research note on Wednesday, August 5th. Bank of America lowered their price target on Coupang from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Coupang in a research report on Monday. Barclays upped their target price on shares of Coupang from $29.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Citigroup raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $19.00 target price on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $23.41.

Coupang Stock Down 0.9%

Shares of NYSE CPNG opened at $16.27 on Friday. The firm's 50-day simple moving average is $14.74 and its 200 day simple moving average is $17.15. The company has a market cap of $29.25 billion, a price-to-earnings ratio of -21.41 and a beta of 1.15. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. Coupang has a 12-month low of $13.35 and a 12-month high of $29.50.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $9.76 billion. Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. On average, research analysts expect that Coupang will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Harold Rogers sold 192,110 shares of the company'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 in the company, valued at approximately $11,988,263.58. This represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the company's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the completion of the transaction, the chief accounting officer owned 176,396 shares of the company's stock, valued at approximately $2,407,805.40. This trade represents a 3.03% 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. Over the last three months, insiders sold 203,148 shares of company stock worth $3,272,530. Insiders own 12.83% of the company's stock.

Hedge Funds Weigh In On Coupang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPNG. Pinnacle Wealth Planning Services Inc. grew its position in Coupang by 652.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,702 shares of the company's stock valued at $37,000 after buying an additional 2,343 shares during the period. Main Street Group LTD purchased a new stake in Coupang during the 1st quarter worth about $40,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Coupang in the third quarter worth $40,000. Trellis Wealth Advisors LLC bought a new position in shares of Coupang in the third quarter valued at approximately $44,000. Finally, Versant Capital Management Inc increased its stake in shares of Coupang by 94.6% in the third quarter. Versant Capital Management Inc now owns 3,478 shares of the company's stock valued at $48,000 after buying an additional 1,691 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Trending Headlines about Coupang

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 that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.

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