Coupang (NYSE:CPNG) Earns Buy Rating from Analysts at Arete

Key Points

• Analysts at Arete have initiated coverage on Coupang (NYSE:CPNG) with a buy rating and a price target of $40.00, suggesting a potential upside of 19.26% from its last closing price.
• Other analysts have varied opinions, with Nomura Securities upgrading Coupang to a strong buy and setting a target of $35, while Deutsche Bank downgraded it to a hold with a $27 target.
• Coupang reported a 16.4% year-over-year increase in revenue for the last quarter, although its earnings per share of $0.02 fell short of the consensus expectation of $0.07.

Stock analysts at Arete started coverage on shares of Coupang (NYSE:CPNG - Get Free Report) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $40.00 price target on the stock. Arete's price target points to a potential upside of 19.26% from the company's previous close.

Other research analysts also recently issued reports about the company. Arete Research began coverage on Coupang in a research note on Thursday. They set a "buy" rating and a $40.00 target price for the company. Nomura Securities raised shares of Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company 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 for the company. in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.11.

Coupang Stock Performance

Shares of NYSE:CPNG opened at $33.54 on Thursday. 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 stock has a market capitalization of $61.15 billion, a P/E ratio of 167.71 and a beta of 1.15. The business has a 50-day moving average price of $29.83 and a two-hundred day moving average price of $26.84. Coupang has a 1-year low of $19.02 and a 1-year high of $33.71.

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

Insiders Place Their Bets

In related news, Director Pedro Franceschi sold 21,428 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $32.05, for a total transaction of $686,767.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares in the company, valued at $4,623,818.64. This represents a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 988,983 shares of company stock valued at $31,203,966 over the last quarter. Corporate insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. American Trust acquired a new stake in shares of Coupang in the second quarter valued at $204,000. Orion Porfolio Solutions LLC increased its position 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 in the last quarter. Neuberger Berman Group LLC increased its position in 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 buying an additional 1,496,358 shares during the period. Marex Group plc acquired a new position in Coupang in the second quarter valued at $1,544,000. Finally, MRP Capital Investments LLC increased its position in Coupang by 8.8% in the 2nd quarter. MRP Capital Investments LLC now owns 50,000 shares of the company's stock valued at $1,498,000 after acquiring an additional 4,025 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

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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