Coupang, Inc. (NYSE:CPNG) Given Average Rating of “Moderate Buy” by Brokerages

Coupang, Inc. (NYSE:CPNG) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $27.56.

Separately, Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,009,234 shares of company stock valued at $344,761,515 in the last ninety days. 13.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Coupang

A number of hedge funds have recently made changes to their positions in CPNG. Assenagon Asset Management S.A. boosted its position in Coupang by 85.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after purchasing an additional 506,622 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock worth $21,706,000 after buying an additional 24,553 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Coupang by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after buying an additional 138,416 shares during the last quarter. abrdn plc grew its stake in Coupang by 40.2% in the 3rd quarter. abrdn plc now owns 202,359 shares of the company’s stock valued at $4,968,000 after buying an additional 58,060 shares during the last quarter. Finally, Plotkin Financial Advisors LLC acquired a new stake in Coupang during the third quarter worth approximately $491,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Trading Down 0.8 %

Shares of NYSE CPNG opened at $23.82 on Friday. Coupang has a 1-year low of $13.95 and a 1-year high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $22.98 and a two-hundred day moving average of $23.46. The company has a market cap of $42.85 billion, a PE ratio of 41.80, a P/E/G ratio of 42.58 and a beta of 1.11.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities analysts expect that Coupang will post 0.14 earnings per share for the current fiscal year.

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.