Brokerages Set Coupang, Inc. (NYSE:CPNG) Price Target at $30.08

Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.08.

A number of research firms have commented on CPNG. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday.

Coupang Stock Up 0.3%

CPNG stock traded up $0.09 during midday trading on Wednesday, hitting $30.02. The company's stock had a trading volume of 10,181,524 shares, compared to its average volume of 8,252,977. The firm has a 50-day simple moving average of $27.11 and a 200-day simple moving average of $24.28. The firm has a market capitalization of $54.50 billion, a P/E ratio of 214.43 and a beta of 1.16. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang has a 52-week low of $18.16 and a 52-week high of $30.91.

Coupang (NYSE:CPNG - Get Free Report) last released 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%. Coupang's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast that Coupang will post 0.17 EPS for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average price of $26.78 per share, with a total value of $20,085,000.00. Following the completion of the transaction, the director directly owned 54,481,161 shares in the company, valued at approximately $1,459,005,491.58. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gaurav Anand sold 175,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the transaction, the chief financial officer owned 2,092,290 shares in the company, valued at approximately $58,814,271.90. The trade was a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Coupang

Several institutional investors have recently made changes to their positions in CPNG. SVB Wealth LLC acquired a new position in Coupang in the first quarter valued at $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Coupang during the first quarter valued at approximately $30,000. Grove Bank & Trust purchased a new stake in Coupang during the first quarter worth approximately $33,000. Brooklyn Investment Group increased its position in shares of Coupang by 43.1% in the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the period. 83.72% of the stock is owned by hedge funds and other 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.