Coupang (NYSE:CPNG) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Coupang (NYSE:CPNG - Free Report) from a hold rating to a buy rating in a report published on Saturday morning.

Several other brokerages also recently issued reports on CPNG. Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. Barclays increased their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and an average target price of $29.64.

Coupang Price Performance

CPNG stock traded up $0.55 during trading on Friday, reaching $28.93. 11,575,226 shares of the company were exchanged, compared to its average volume of 8,015,931. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. The stock's 50 day moving average price is $26.11 and its 200 day moving average price is $24.04. Coupang has a 52-week low of $18.16 and a 52-week high of $29.14. The company has a market cap of $52.53 billion, a P/E ratio of 206.67 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results 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 firm 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 business's quarterly revenue was up 11.2% on a year-over-year basis. As a group, analysts predict that Coupang will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Coupang

In related news, Director Benjamin Sun sold 200,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the transaction, the director now owns 1,319,421 shares in the company, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the sale, the vice president now directly owns 177,106 shares of the company's stock, 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. In the last 90 days, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. 12.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of Coupang during the 1st quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Coupang in the 1st quarter worth approximately $30,000. Grove Bank & Trust bought a new stake in shares of Coupang in the 1st quarter worth approximately $33,000. Brooklyn Investment Group boosted its position in Coupang by 43.1% during the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the period. Finally, Itau Unibanco Holding S.A. grew its stake in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after buying an additional 1,640 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

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.