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

Key Points

• Coupang, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $31.14.
• The company's stock opened at $32.45, with a 52-week range of $19.02 to $32.89, reflecting strong market interest.
• Coupang's recent quarterly earnings report showed a revenue increase of 16.4% year-over-year, although it missed EPS estimates by $0.05.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.1111.

Several research firms have recently weighed in on CPNG. Arete began coverage on shares of Coupang in a research report on Thursday. They set a "buy" rating and a $40.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Arete Research began coverage on shares of Coupang in a research report on Thursday. They set a "buy" rating and a $40.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th.

Coupang Price Performance

Coupang stock traded up $0.09 during trading hours on Monday, hitting $33.51. 3,274,697 shares of the company traded hands, compared to its average volume of 9,856,309. The firm has a market cap of $61.10 billion, a P/E ratio of 167.48 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $26.91. Coupang has a 1-year low of $19.02 and a 1-year high of $34.08.

Coupang (NYSE:CPNG - Get Free Report) last released its 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). The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. As a group, analysts forecast that Coupang will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 815,797 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total value of $26,007,608.36. Following the completion of the transaction, the director directly owned 503,624 shares in the company, valued at $16,055,533.12. This trade represents a 61.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the transaction, the vice president owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 988,983 shares of company stock valued at $31,203,966. Company insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CPNG. American Trust acquired a new stake in shares of Coupang during the second quarter worth approximately $204,000. Orion Porfolio Solutions LLC boosted its holdings in shares of Coupang by 50.9% during the second quarter. Orion Porfolio Solutions LLC now owns 49,618 shares of the company's stock worth $1,487,000 after purchasing an additional 16,737 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Coupang by 2,731.0% during the second quarter. Neuberger Berman Group LLC now owns 1,551,149 shares of the company's stock worth $46,472,000 after purchasing an additional 1,496,358 shares during the period. Marex Group plc acquired a new stake in shares of Coupang during the second quarter worth approximately $1,544,000. Finally, MRP Capital Investments LLC boosted its holdings in shares of Coupang by 8.8% during the second quarter. MRP Capital Investments LLC now owns 50,000 shares of the company's stock worth $1,498,000 after purchasing an additional 4,025 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

About Coupang

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.