Coupang, Inc. (NYSE:CPNG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Coupang, Inc. (NYSE:CPNG) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.92.

Several analysts have weighed in on CPNG shares. Morgan Stanley lowered their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Wall Street Zen cut Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Nomura lowered their price target on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, UBS Group set a $25.00 price target on Coupang in a report on Thursday, February 19th.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta acquired 2,332,863 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the transaction, the director owned 55,310,977 shares in the company, valued at $1,017,721,976.80. This 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 available at the SEC website. In the last 90 days, insiders purchased 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is currently owned by company insiders.

Institutional Trading of Coupang

A number of institutional investors and hedge funds have recently modified their holdings of CPNG. EverSource Wealth Advisors LLC grew its stake in shares of Coupang by 72.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $99,000 after buying an additional 1,395 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Coupang by 52.8% during the second quarter. Baird Financial Group Inc. now owns 23,471 shares of the company’s stock valued at $703,000 after buying an additional 8,107 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Coupang by 48.1% during the second quarter. Cerity Partners LLC now owns 45,252 shares of the company’s stock valued at $1,356,000 after buying an additional 14,703 shares during the last quarter. State Street Corp grew its stake in shares of Coupang by 8.4% during the second quarter. State Street Corp now owns 15,641,775 shares of the company’s stock valued at $468,628,000 after buying an additional 1,210,801 shares during the last quarter. Finally, AXA S.A. bought a new position in shares of Coupang during the second quarter valued at approximately $411,000. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 2.3%

NYSE CPNG opened at $16.09 on Friday. The company has a market cap of $28.88 billion, a price-to-earnings ratio of -178.72 and a beta of 1.20. Coupang has a 52 week low of $15.03 and a 52 week high of $34.08. The business has a 50 day moving average price of $18.88 and a 200-day moving average price of $21.49. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.

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

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.