Coupang (NYSE:CPNG) Given New $20.00 Price Target at Nomura

Coupang (NYSE:CPNG) had its target price cut by investment analysts at Nomura from $22.00 to $20.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. Nomura’s target price would suggest a potential upside of 9.25% from the company’s previous close.

CPNG has been the subject of several other reports. Mizuho lowered their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Coupang in a research report on Wednesday, January 21st. UBS Group set a $25.00 price objective on shares of Coupang in a research note on Thursday, February 19th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a research note on Monday. Finally, Citigroup dropped their price target on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coupang currently has a consensus rating of “Hold” and a consensus price target of $26.70.

Coupang Stock Down 4.1%

Shares of NYSE:CPNG opened at $18.31 on Monday. The stock has a market capitalization of $33.44 billion, a P/E ratio of 152.66 and a beta of 1.20. The stock’s 50-day moving average price is $20.45 and its 200-day moving average price is $26.38. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Coupang has a 12-month low of $16.74 and a 12-month high of $34.08.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. On average, equities analysts anticipate that Coupang will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the transaction, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in shares of Coupang in the 3rd quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in Coupang during the third quarter worth $32,000. Hilltop National Bank bought a new position in Coupang during the third quarter valued at $34,000. Fifth Third Bancorp raised its stake in shares of Coupang by 1,250.0% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of Coupang in the third quarter valued at $40,000. Institutional investors own 83.72% of the company’s stock.

About Coupang

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.