Coupang (NYSE:CPNG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.
A number of other analysts also recently commented on the company. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Barclays upped their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.08.
Get Our Latest Stock Report on Coupang
Coupang Stock Performance
NYSE:CPNG traded up $0.53 during mid-day trading on Friday, hitting $31.14. The company's stock had a trading volume of 5,793,107 shares, compared to its average volume of 8,339,169. Coupang has a 1 year low of $18.16 and a 1 year high of $31.42. 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 has a market cap of $56.53 billion, a price-to-earnings ratio of 222.02 and a beta of 1.16. The business's fifty day moving average is $28.33 and its two-hundred day moving average is $24.75.
Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. Analysts anticipate that Coupang will post 0.17 EPS for the current fiscal year.
Insider Transactions at Coupang
In related news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the sale, the director directly owned 1,319,421 shares in the company, valued at $37,418,779.56. This trade represents a 13.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the sale, the insider directly owned 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. This represents a 8.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 Trading of Coupang
Several large investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new position in Coupang during the 1st quarter valued at $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang in the 1st quarter worth about $30,000. Grove Bank & Trust purchased a new stake in Coupang in the 1st quarter worth about $33,000. Brooklyn Investment Group increased its holdings in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after acquiring an additional 1,640 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.
About Coupang
(
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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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