Coupang, Inc. (NYSE:CPNG) Receives $23.75 Average Target Price from Analysts

Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $23.75.

A number of brokerages have recently commented on CPNG. TheStreet raised shares of Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and raised their price target for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Citigroup upgraded Coupang from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $19.00 to $26.00 in a report on Monday, April 15th. Barclays raised their price objective on Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Finally, Bank of America initiated coverage on Coupang in a research note on Friday. They issued a "buy" rating and a $30.00 target price for the company.

Insider Buying and Selling

In other news, insider Pranam Kolari sold 2,048 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the transaction, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coupang news, insider Pranam Kolari sold 2,048 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now owns 187,951 shares in the company, valued at $4,198,825.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Harold Rogers sold 139,080 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at approximately $7,194,004. The disclosure for this sale can be found here. Insiders sold a total of 33,355,282 shares of company stock valued at $633,457,030 over the last three months. Corporate insiders own 14.90% of the company's stock.

Institutional Investors Weigh In On Coupang

A number of institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its position in shares of Coupang by 135.8% during the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company's stock valued at $26,000 after buying an additional 827 shares during the last quarter. Headinvest LLC purchased a new stake in shares of Coupang during the 3rd quarter valued at about $29,000. Register Financial Advisors LLC bought a new stake in shares of Coupang in the first quarter worth approximately $50,000. NBC Securities Inc. purchased a new position in shares of Coupang during the third quarter valued at approximately $51,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Coupang by 27.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company's stock valued at $138,000 after purchasing an additional 1,821 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Price Performance

Shares of Coupang stock traded up $0.50 during trading on Friday, hitting $23.01. The stock had a trading volume of 11,690,662 shares, compared to its average volume of 13,121,328. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.13. Coupang has a 12 month low of $13.51 and a 12 month high of $23.40. The business's 50-day moving average is $19.52 and its 200 day moving average is $17.14. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm had revenue of $6.56 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the firm posted $0.06 EPS. The company's revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coupang will post 0.34 earnings per share for the current year.

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.