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

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.08.

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Mizuho upgraded shares of Coupang to a "hold" rating in a research note on Friday, April 18th.

Coupang Price Performance

Shares of CPNG opened at $30.26 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. Coupang has a fifty-two week low of $18.16 and a fifty-two week high of $31.65. The firm has a 50-day simple moving average of $29.17 and a 200-day simple moving average of $25.27. The company has a market capitalization of $54.93 billion, a price-to-earnings ratio of 216.11 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Coupang will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Benjamin Sun sold 200,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the sale, the director owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $26.78 per share, with a total value of $20,085,000.00. Following the completion of the acquisition, the director owned 54,481,161 shares of the company's stock, valued at $1,459,005,491.58. This represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. Insiders own 12.78% of the company's stock.

Institutional Trading of Coupang

Large investors have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in Coupang in the 1st quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Coupang in the first quarter valued at about $30,000. Albion Financial Group UT acquired a new stake in shares of Coupang in the second quarter valued at approximately $30,000. Grove Bank & Trust acquired a new position in shares of Coupang during the 1st quarter worth approximately $33,000. Finally, Brooklyn Investment Group lifted its stake in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after buying an additional 506 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.