Coupang, Inc. (NYSE:CPNG) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts are split on Coupang: Ten firms give the stock an average “Hold” rating, with six buys, two holds and two sells. Their average 12-month price target is $23.41.
• Latest quarterly results were mixed: Coupang reported revenue of $9.96 billion, ahead of estimates and up 7.5% year over year, but its loss of $0.18 per share was worse than the expected $0.09 loss.
• Shares traded at $15.20, within a 12-month range of $13.35 to $28.53. Institutional investors own 83.72% of the stock; an executive’s reported share sale was made under a pre-arranged trading plan.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been assigned an average rating of "Hold" from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.41.

CPNG has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Coupang in a research note on Monday, November 2nd. Mizuho set a $21.00 target price on shares of Coupang in a research report on Wednesday, November 4th. Deutsche Bank upgraded shares of Coupang from a "hold" rating to a "buy" rating and lowered their target price for the company from $23.00 to $21.50 in a report on Wednesday, August 5th. Barclays lifted their price target on shares of Coupang from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, November 5th. Finally, Sanford C. Bernstein lowered their price objective on shares of Coupang from $12.00 to $11.00 and set an "underperform" rating for the company in a research note on Thursday, November 5th.

Insiders Place Their Bets

In other Coupang news, CAO Jonathan D. Lee sold 5,519 shares of the business'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 sale, the chief accounting officer owned 176,396 shares of the company's stock, valued at approximately $2,407,805.40. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Trading of Coupang

A number of institutional investors have recently modified their holdings of CPNG. Assenagon Asset Management S.A. grew its position in shares of Coupang by 112.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company's stock worth $389,777,000 after acquiring an additional 14,865,737 shares in the last quarter. Tiger Global Management LLC raised its position in shares of Coupang by 31.7% during the 1st quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company's stock valued at $653,161,000 after acquiring an additional 8,328,148 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in 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 purchasing an additional 5,835,072 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new position in Coupang during the second quarter worth $67,743,000. Finally, Irenic Capital Management LP acquired a new position in Coupang in the second quarter worth $43,164,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Price Performance

Shares of NYSE CPNG traded down $0.09 during trading on Friday, reaching $15.20. The company had a trading volume of 6,417,946 shares, compared to its average volume of 14,643,613. Coupang has a twelve month low of $13.35 and a twelve month high of $28.53. The stock has a market capitalization of $27.24 billion, a PE ratio of -20.00 and a beta of 1.15. The stock has a 50-day moving average price of $14.73 and a two-hundred day moving average price of $17.05. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.09). The firm 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 21.51% and a negative net margin of 3.77%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. As a group, sell-side analysts predict that Coupang will post -0.60 earnings per share for the current year.

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.

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