Coupang (NYSE:CPNG) Upgraded at Wall Street Zen

Coupang (NYSE:CPNG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other equities analysts also recently issued reports on CPNG. Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. Barclays boosted their price target on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.08.

Coupang Stock Down 1.2%

Shares of NYSE:CPNG traded down $0.37 during midday trading on Friday, reaching $30.08. The company had a trading volume of 5,237,257 shares, compared to its average volume of 8,320,133. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 0.90. The stock's fifty day moving average price is $28.19 and its 200-day moving average price is $24.67. The stock has a market capitalization of $54.61 billion, a P/E ratio of 214.86 and a beta of 1.16. Coupang has a one year low of $18.16 and a one year high of $30.91.

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

Insiders Place Their Bets

In related news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the sale, the insider owned 309,542,259 shares of the company's stock, valued at $8,744,568,816.75. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction dated 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 directly owned 1,319,421 shares of the company's stock, valued at $37,418,779.56. The trade was a 13.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. 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 bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after acquiring an additional 17,123,637 shares during the last quarter. Dodge & Cox lifted its holdings in Coupang by 101.6% in the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after acquiring an additional 20,555,600 shares during the last quarter. FMR LLC lifted its holdings in Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after acquiring an additional 3,420,133 shares during the last quarter. Finally, Dragoneer Investment Group LLC lifted its holdings in Coupang by 9.0% in the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after acquiring an additional 1,690,826 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

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.