Coupang, Inc. (NYSE:CPNG) Receives $27.25 Average PT from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.25.

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th.

Coupang Price Performance

Shares of NYSE:CPNG opened at $24.59 on Monday. The business’s 50 day simple moving average is $22.82 and its 200-day simple moving average is $21.71. The firm has a market capitalization of $43.97 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 181.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. Coupang has a 12 month low of $13.51 and a 12 month high of $25.19.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. Coupang’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities analysts forecast that Coupang will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 251,300 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $22.58 per share, for a total transaction of $5,674,354.00. Following the completion of the transaction, the director now owns 50,126,224 shares in the company, valued at $1,131,850,137.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 601,300 shares of company stock worth $13,604,354 and have sold 411,388 shares worth $9,452,761. Insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its holdings in shares of Coupang by 1.6% during the second quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company’s stock worth $3,589,783,000 after acquiring an additional 2,749,027 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Coupang by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock valued at $1,403,015,000 after buying an additional 18,894,909 shares in the last quarter. Foxhaven Asset Management LP raised its holdings in Coupang by 8.0% during the fourth quarter. Foxhaven Asset Management LP now owns 12,272,369 shares of the company’s stock valued at $198,690,000 after buying an additional 904,065 shares in the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in Coupang by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 8,693,468 shares of the company’s stock valued at $154,657,000 after buying an additional 159,900 shares in the last quarter. Finally, Bamco Inc. NY grew its position in shares of Coupang by 9.6% in the first quarter. Bamco Inc. NY now owns 7,942,062 shares of the company’s stock valued at $141,289,000 after purchasing an additional 693,898 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

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.