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

Key Points

• Coupang has a consensus “Hold” rating among 11 analysts, with five buys, four holds and two sells. The average 12-month price target is $24.06.
• Shares opened at $14.36, near the lower end of their 52-week range of $13.35 to $32.35. The company reported a quarterly loss of $0.09 per share, beating estimates, while revenue rose 3.9% year over year to $8.86 billion.
• Insiders have been net sellers: executives sold 203,148 shares worth about $3.27 million over the past 90 days, while institutional investors own 83.72% of Coupang’s outstanding stock.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $24.06.

CPNG has been the subject of a number of analyst reports. Mizuho set a $22.00 price target on Coupang in a research note on Wednesday, August 5th. Bank of America lowered their price objective on Coupang from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and dropped their target price for the company from $23.00 to $21.50 in a report on Wednesday, August 5th. Barclays reaffirmed an "overweight" rating and set a $29.00 target price on shares of Coupang in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group set a $31.00 price target on Coupang in a report on Thursday, July 9th.

Coupang Stock Up 0.6%

Shares of NYSE CPNG opened at $14.36 on Tuesday. The stock has a market capitalization of $25.81 billion, a P/E ratio of -33.39 and a beta of 1.17. The company has a 50-day moving average price of $15.16 and a 200-day moving average price of $16.78. Coupang has a 1 year low of $13.35 and a 1 year high of $32.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.18. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The company had revenue of $8.86 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter in the prior year, the business posted $0.02 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Coupang will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 5,519 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the transaction, the chief accounting officer directly owned 176,396 shares in the company, valued at approximately $2,407,805.40. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the transaction, the insider owned 740,931 shares in the company, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 203,148 shares of company stock worth $3,272,530. Company insiders own 12.83% of the company's stock.

Institutional Trading of Coupang

Several hedge funds have recently added to or reduced their stakes in the stock. Trellis Wealth Advisors LLC purchased a new position in shares of Coupang in the third quarter worth about $44,000. Vontobel Holding Ltd. bought a new stake in shares of Coupang in the third quarter valued at approximately $160,000. Assenagon Asset Management S.A. raised its position in shares of Coupang by 112.3% in the third quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company's stock valued at $389,777,000 after purchasing an additional 14,865,737 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in shares of Coupang by 25.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 20,133 shares of the company's stock valued at $279,000 after buying an additional 4,050 shares in the last quarter. Finally, Ulland Investment Advisors LLC lifted its stake in shares of Coupang by 132.6% during the 3rd quarter. Ulland Investment Advisors LLC now owns 8,375 shares of the company's stock valued at $116,000 after buying an additional 4,775 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

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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