Coupang (NYSE:CPNG) Hits New 1-Year Low – Should You Sell?

Shares of Coupang, Inc. (NYSE:CPNG) reached a new 52-week low during trading on Monday . The company traded as low as $15.64 and last traded at $15.6850, with a volume of 7268985 shares. The stock had previously closed at $16.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CPNG shares. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Mizuho cut their target price on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. UBS Group set a $25.00 target price on shares of Coupang in a research report on Thursday, February 19th. Citigroup cut shares of Coupang from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Finally, Morgan Stanley cut their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coupang has a consensus rating of “Hold” and an average target price of $26.92.

Coupang Stock Down 2.7%

The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $19.21 and its 200-day moving average is $21.99. The firm has a market cap of $28.14 billion, a PE ratio of -174.19 and a beta of 1.20.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.Coupang’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. As a group, equities research analysts expect that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta bought 2,332,863 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $18.40 per share, with a total value of $42,924,679.20. Following the completion of the acquisition, the director owned 55,310,977 shares of the company’s stock, valued at approximately $1,017,721,976.80. This trade represents a 4.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 7,350,104 shares of company stock worth $136,566,051 over the last 90 days. 12.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Coupang

A number of institutional investors and hedge funds have recently modified their holdings of CPNG. Vanguard Group Inc. increased its holdings in shares of Coupang by 343.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock worth $920,786,000 after acquiring an additional 22,147,432 shares during the period. Norges Bank acquired a new stake in shares of Coupang in the 4th quarter worth about $498,333,000. Assenagon Asset Management S.A. increased its holdings in shares of Coupang by 1,394.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 17,117,583 shares of the company’s stock worth $323,180,000 after acquiring an additional 15,971,942 shares during the period. Tiger Global Management LLC increased its holdings in shares of Coupang by 65.9% in the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock worth $619,645,000 after acquiring an additional 10,429,680 shares during the period. Finally, Capital International Investors increased its holdings in shares of Coupang by 20.4% in the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after acquiring an additional 6,977,942 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Company Profile

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.