Coupang (NYSE:CPNG) Reaches New 1-Year High - Should You Buy?

Key Points

• Coupang's shares reached a new 52-week high of $33.14 amid increased trading volume, closing at $33.12 on Monday.
• Analysts issued mixed ratings on Coupang, with Nomura upgrading to "strong-buy" with a target price of $35, while Deutsche Bank downgraded to "hold" with a $27 target.
• The company reported a 16.4% year-over-year revenue increase but missed earnings per share estimates, reporting $0.02 compared to a consensus of $0.07.

Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $33.14 and last traded at $33.12, with a volume of 1882629 shares changing hands. The stock had previously closed at $32.41.

Analysts Set New Price Targets

Several research firms recently issued reports on CPNG. Nomura upgraded shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Morgan Stanley boosted their target price on shares of Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded 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, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.14.

Coupang Trading Up 3.4%

The company has a market capitalization of $61.09 billion, a P/E ratio of 167.56 and a beta of 1.15. The firm's 50-day moving average price is $29.62 and its 200 day moving average price is $26.68. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18.

Coupang (NYSE:CPNG - Get Free Report) last posted 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 firm had revenue of $8.52 billion for 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%.Coupang's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, insider Harold Rogers sold 64,755 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the transaction, the insider directly owned 449,569 shares in the company, valued at $14,413,182.14. The trade was a 12.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Sun sold 815,797 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the completion of the transaction, the director owned 503,624 shares in the company, valued at approximately $16,055,533.12. The trade was a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 988,983 shares of company stock valued at $31,203,966 in the last ninety days. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Coupang

Institutional investors have recently modified their holdings of the business. Albion Financial Group UT purchased a new stake in shares of Coupang during the 2nd quarter valued at approximately $30,000. SVB Wealth LLC purchased a new stake in Coupang in the 1st quarter worth approximately $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang in the 1st quarter worth approximately $30,000. Loomis Sayles & Co. L P purchased a new stake in Coupang in the 2nd quarter worth approximately $45,000. Finally, Grove Bank & Trust purchased a new stake in Coupang in the 1st quarter worth approximately $33,000. 83.72% of the stock is currently 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.

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