Coupang, Inc. (NYSE:CPNG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Coupang, Inc. has received an average rating of "Moderate Buy" from nine brokerages, with a price target of $31.1250.
• The company reported a net margin of 1.13% and revenue growth of 16.4% year-over-year, despite missing earnings expectations.
• Insiders have sold over 10 million shares of Coupang stock recently, indicating significant movements among company leadership.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.1250.

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a report on Wednesday, August 6th.

Coupang Stock Down 0.2%

Shares of Coupang stock traded down $0.0650 on Thursday, hitting $28.4750. 319,976 shares of the company traded hands, compared to its average volume of 9,411,615. The company has a 50-day moving average price of $29.48 and a 200 day moving average price of $26.17. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. Coupang has a 12-month low of $19.02 and a 12-month high of $31.65. The company has a market cap of $51.91 billion, a PE ratio of 142.23 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion for the quarter, compared to analysts' expectations of $8.34 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Sell-side analysts predict that Coupang will post 0.17 earnings per share for the current year.

Insider Activity

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 1,319,421 shares of the company's stock, valued at $37,418,779.56. The trade was a 13.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Pranam Kolari sold 11,653 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the transaction, the vice president directly owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. This represents a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,462,003 shares of company stock worth $295,524,795 in the last 90 days. Insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in Coupang during the 2nd quarter worth $30,000. SVB Wealth LLC acquired a new position in Coupang during the 1st quarter worth $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Coupang during the 1st quarter worth $30,000. Loomis Sayles & Co. L P acquired a new position in shares of Coupang during the second quarter valued at about $45,000. Finally, Grove Bank & Trust acquired a new position in shares of Coupang during the first quarter valued at about $33,000. 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.