Coupang, Inc. (NYSE:CPNG) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.64.

A number of analysts have weighed in on the company. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th.

Coupang Trading Down 0.3%

Coupang stock opened at $28.46 on Friday. The firm's 50 day moving average price is $24.50 and its two-hundred day moving average price is $23.76. The firm has a market cap of $51.67 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang has a 1 year low of $18.16 and a 1 year high of $28.88.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts predict that Coupang will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This trade represents a 12.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gaurav Anand sold 75,350 shares of Coupang stock in a transaction on Monday, May 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares in the company, valued at approximately $59,176,269. This represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,709,697 shares of company stock valued at $791,138,311. 12.78% of the stock is currently owned by insiders.

Institutional Trading of Coupang

Large investors have recently bought and sold shares of the business. Dodge & Cox increased its holdings in Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock worth $894,413,000 after purchasing an additional 20,555,600 shares in the last quarter. Norges Bank acquired a new position in shares of Coupang during the fourth quarter worth about $404,896,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after buying an additional 17,123,637 shares in the last quarter. GQG Partners LLC acquired a new stake in Coupang in the 1st quarter valued at approximately $168,127,000. Finally, Massachusetts Financial Services Co. MA raised its position in Coupang by 436.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock valued at $190,497,000 after buying an additional 7,067,830 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

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.

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