Coupang (NYSE:CPNG) Issues Earnings Results, Misses Estimates By $0.06 EPS

Key Points

• Coupang reported Q EPS of -$0.15, missing estimates by $0.06 (consensus -$0.09), while revenue was $8.50 billion—roughly in line with expectations; net margin was 0.60% and ROE 4.52%.
• Shares traded up about 2.5% to $20.77 intraday despite the earnings miss; the company has a market cap near $37.98 billion and a 52‑week range of $16.74–$34.08.
• Director Neil Mehta bought 3.0 million shares at $18.68 (~$56 million); insiders added 7.35 million shares in the last 90 days and own 12.78%, institutional investors own 83.72%, and analysts have a consensus Hold with a $27.30 price target.

Coupang (NYSE:CPNG - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06), FiscalAI reports. Coupang had a return on equity of 4.52% and a net margin of 0.60%.The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion.

Coupang Trading Up 2.5%

Shares of NYSE:CPNG traded up $0.51 during midday trading on Tuesday, reaching $20.77. The company's stock had a trading volume of 21,349,452 shares, compared to its average volume of 23,086,293. Coupang has a fifty-two week low of $16.74 and a fifty-two week high of $34.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. The firm has a 50 day moving average price of $19.54 and a two-hundred day moving average price of $22.89. The firm has a market capitalization of $37.98 billion, a price-to-earnings ratio of 173.13 and a beta of 1.20.

Insiders Place Their Bets

In other Coupang news, Director Neil Mehta acquired 3,000,000 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $56,040,000.00. Following the completion of the acquisition, the director owned 52,978,114 shares in the company, valued at approximately $989,631,169.52. This represents a 6.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 7,350,104 shares of company stock worth $136,566,051 in the last 90 days. Corporate insiders own 12.78% of the company's stock.

Institutional Investors Weigh In On Coupang

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dodge & Cox lifted its position in Coupang by 4.9% in the 4th quarter. Dodge & Cox now owns 49,233,320 shares of the company's stock valued at $1,161,414,000 after acquiring an additional 2,285,600 shares in the last quarter. Tiger Global Management LLC increased its holdings in Coupang by 65.9% during the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company's stock worth $619,645,000 after purchasing an additional 10,429,680 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of Coupang by 0.4% in the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company's stock worth $799,629,000 after purchasing an additional 89,207 shares during the last quarter. State Street Corp raised its stake in shares of Coupang by 7.0% in the fourth quarter. State Street Corp now owns 20,291,079 shares of the company's stock worth $478,667,000 after purchasing an additional 1,326,706 shares during the last quarter. Finally, Greenoaks Capital Partners LLC lifted its holdings in shares of Coupang by 11.0% in the second quarter. Greenoaks Capital Partners LLC now owns 15,377,927 shares of the company's stock valued at $460,723,000 after purchasing an additional 1,519,871 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

CPNG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research note on Friday, January 16th. Barclays raised their target price on Coupang from $24.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Mizuho cut their target price on Coupang from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. UBS Group set a $25.00 price target on Coupang in a research report on Thursday, February 19th. Finally, Citigroup decreased their price target on Coupang from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.30.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea's leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.

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