Coupang's (CPNG) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated Coupang's stock rating at "hold (C)" following various analyst evaluations on the company's performance.
• Recent reports from Morgan Stanley and Arete Research set Coupang's price targets to $35.00 and $40.00 respectively, with six analysts giving a "Buy" rating.
• Coupang's stock price is currently at $31.20, with a 52-week range between $19.02 and $34.08, and a market capitalization of $56.87 billion.

Coupang (NYSE:CPNG - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on CPNG. Morgan Stanley lifted their price objective on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Arete began coverage on Coupang in a research note on Thursday, September 18th. They set a "buy" rating and a $40.00 price target for the company. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Zacks Research downgraded shares of Coupang from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Finally, Arete Research assumed coverage on shares of Coupang in a report on Thursday, September 18th. They issued a "buy" rating and a $40.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.

Coupang Price Performance

CPNG traded up $0.04 on Friday, hitting $31.20. 5,102,755 shares of the company were exchanged, compared to its average volume of 6,484,427. Coupang has a fifty-two week low of $19.02 and a fifty-two week high of $34.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a market capitalization of $56.87 billion, a P/E ratio of 155.98 and a beta of 1.18. The business's fifty day moving average is $31.10 and its 200 day moving average is $28.61.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. Coupang's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Coupang will post 0.17 EPS for the current year.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the sale, the vice president owned 158,676 shares in the company, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Harold Rogers sold 64,755 shares of Coupang stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the completion of the sale, the insider directly owned 449,569 shares of the company's stock, valued at $14,413,182.14. The trade was a 12.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 988,983 shares of company stock worth $31,203,966 over the last three months. Company insiders own 12.78% of the company's stock.

Institutional Investors Weigh In On Coupang

Hedge funds have recently made changes to their positions in the business. SVB Wealth LLC purchased a new stake in shares of Coupang in the first quarter valued at $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Coupang in the 1st quarter worth about $30,000. Albion Financial Group UT purchased a new stake in Coupang in the 2nd quarter valued at about $30,000. Hilltop National Bank purchased a new stake in Coupang in the 3rd quarter valued at about $34,000. Finally, Brooklyn Investment Group increased its stake in shares of 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 acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds 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.

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