Coupang (NYSE:CPNG) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Coupang (NYSE:CPNG - Free Report) from a buy rating to a hold rating in a research report released on Sunday morning.

Several other equities research analysts have also recently weighed in on CPNG. Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.08.

Coupang Price Performance

Shares of NYSE:CPNG traded down $0.36 during trading on Friday, reaching $30.45. The stock had a trading volume of 1,209,934 shares, compared to its average volume of 9,185,348. The stock has a market capitalization of $55.29 billion, a PE ratio of 217.51 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 0.90. Coupang has a 52 week low of $18.16 and a 52 week high of $30.91. The business's 50-day moving average price is $26.77 and its 200 day moving average price is $24.20.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities analysts predict that Coupang will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the completion of the sale, the director now directly owns 1,319,421 shares of the company's stock, valued at $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,459,697 shares of company stock worth $1,067,780,811 over the last three months. 12.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock worth $280,000 after acquiring an additional 469 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in Coupang in the fourth quarter worth $349,000. Proficio Capital Partners LLC bought a new position in shares of Coupang during the fourth quarter worth $854,000. SBI Securities Co. Ltd. bought a new position in shares of Coupang during the fourth quarter worth $124,000. Finally, LGT Fund Management Co Ltd. acquired a new position in shares of Coupang in the 4th quarter valued at $2,599,000. Institutional investors own 83.72% of the company's stock.

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.