Coupang, Inc. (NYSE:CPNG) Receives $27.56 Consensus Target Price from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.56.

CPNG has been the topic of several research reports. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and raised their target price for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, October 7th.

Insiders Place Their Bets

In related news, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the transaction, the director now directly owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is owned by insiders.

Institutional Trading of Coupang

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares in the last quarter. Covestor Ltd grew its stake in Coupang by 10.4% during the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock worth $159,000 after purchasing an additional 612 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Coupang by 6.0% during the 2nd quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock worth $235,000 after purchasing an additional 635 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Coupang by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after buying an additional 747 shares during the period. Finally, Advisory Resource Group grew its position in shares of Coupang by 1.9% during the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 4.1 %

CPNG stock opened at $22.56 on Friday. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $40.58 billion, a P/E ratio of 39.58, a PEG ratio of 215.03 and a beta of 1.07. The company’s 50-day simple moving average is $24.82 and its 200-day simple moving average is $23.15.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period last year, the company earned $0.05 earnings per share. Coupang’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts forecast that Coupang will post 0.11 EPS for the current fiscal 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.