Coupang (NYSE:CPNG) Now Covered by Analysts at Arete Research

Key Points

• Arete Research has initiated coverage on Coupang, giving it a "buy" rating and setting a price target of $40.00, indicating a potential upside of 19.26% from its current price.
• Coupang reported a 16.4% year-over-year increase in revenue for the last quarter, amounting to $8.52 billion, but fell short of earnings expectations by $0.05 per share.
• Analyst ratings for Coupang are mixed, with one "Strong Buy", six "Buy", and two "Hold" ratings, leading to a current consensus rating of "Moderate Buy" and a target price of $32.25.

Research analysts at Arete Research began coverage on shares of Coupang (NYSE:CPNG - Get Free Report) in a report released on Thursday, MarketBeat reports. The brokerage set a "buy" rating and a $40.00 price target on the stock. Arete Research's price objective suggests a potential upside of 23.90% from the company's current price.

CPNG has been the subject of a number of other reports. Morgan Stanley raised their price target 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 lowered shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a report on Wednesday, August 6th. Finally, Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

Coupang Trading Down 1.7%

Shares of CPNG stock traded down $0.58 on Thursday, hitting $32.29. The stock had a trading volume of 4,389,274 shares, compared to its average volume of 10,428,887. Coupang has a twelve month low of $19.02 and a twelve month high of $34.08. The firm has a market cap of $58.86 billion, a P/E ratio of 161.53 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $29.94 and a two-hundred day moving average price of $27.02.

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

Insider Buying and Selling at Coupang

In related news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the transaction, the chief financial officer directly owned 2,016,940 shares in the company, valued at approximately $56,050,762.60. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 988,983 shares of company stock valued at $31,203,966. 12.78% of the stock is owned by company insiders.

Institutional Trading of Coupang

Several hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Coupang by 0.5% during the second quarter. Sequoia Financial Advisors LLC now owns 68,468 shares of the company's stock worth $2,051,000 after acquiring an additional 363 shares during the period. Inspirion Wealth Advisors LLC increased its stake in Coupang by 0.3% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 134,314 shares of the company's stock valued at $4,024,000 after buying an additional 400 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Coupang by 1.4% in the 1st quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company's stock valued at $646,000 after purchasing an additional 408 shares during the period. California State Teachers Retirement System increased its position in shares of Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock valued at $1,879,000 after acquiring an additional 445 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its holdings in Coupang by 4.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 11,248 shares of the company's stock worth $323,000 after purchasing an additional 461 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

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.