Coupang, Inc. (NYSE:CPNG) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have given Coupang a consensus recommendation of "Hold" from 11 coverage firms (2 sell, 3 hold, 6 buy) with an average 1‑year price target of $27.30, while multiple brokers recently cut targets (e.g., Nomura to $20, Mizuho to $25) and one firm downgraded to strong sell.
• Coupang missed last quarter's estimates, reporting EPS of ($0.01) vs. $0.02 expected and revenue of $8.84B vs. $9.12B expected, though revenue was up 10.9% year‑over‑year; analysts now forecast -$0.78 EPS for the current fiscal year.
• Significant insider buying: Director Neil Mehta acquired 3,000,000 shares at an average $18.68 (~$56M), part of insiders purchasing 7.35M shares (~$136.6M) in the past three months, and insiders now own 12.78% of the company.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.30.

A number of analysts have recently commented on the stock. Nomura cut their target price on shares of Coupang from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, March 2nd. Mizuho cut their target price on shares of Coupang from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. Wall Street Zen cut shares of Coupang from a "hold" rating to a "strong sell" rating in a research note on Saturday, March 14th. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of Coupang in a research note on Monday, March 2nd. Finally, Morgan Stanley decreased their target price on shares of Coupang from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd.

Coupang Stock Down 0.2%

CPNG stock opened at $20.48 on Tuesday. The stock has a market capitalization of $37.43 billion, a P/E ratio of 170.65 and a beta of 1.16. The firm has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $23.13. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. Coupang has a 52 week low of $16.74 and a 52 week high of $34.08.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The company had revenue of $8.84 billion for the quarter, compared to analysts' expectations of $9.12 billion. Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. Equities analysts forecast that Coupang will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In related news, Director Neil Mehta acquired 3,000,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $18.68 per share, with a total value of $56,040,000.00. Following the transaction, the director owned 52,978,114 shares of the company's stock, valued at approximately $989,631,169.52. This trade represents a 6.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 7,350,104 shares of company stock worth $136,566,051. Company insiders own 12.78% of the company's stock.

Hedge Funds Weigh In On Coupang

A number of hedge funds have recently made changes to their positions in CPNG. Sunbelt Securities Inc. purchased a new position in shares of Coupang during the 3rd quarter worth approximately $26,000. Reflection Asset Management acquired a new stake in Coupang during the 4th quarter worth approximately $28,000. Orion Capital Management LLC acquired a new stake in Coupang during the 3rd quarter worth approximately $32,000. Webster Bank N. A. lifted its holdings in Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company's stock worth $32,000 after buying an additional 1,300 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company's stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea's leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.