Coupang (NYSE:CPNG) Given New $11.00 Price Target at Sanford C. Bernstein

Coupang (NYSE:CPNG) had its price objective lowered by stock analysts at Sanford C. Bernstein from $12.00 to $11.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “underperform” rating on the stock. Sanford C. Bernstein‘s price objective suggests a potential downside of 32.14% from the company’s previous close.

Several other analysts have also commented on the company. The Goldman Sachs Group set a $31.00 price objective on Coupang in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $23.00 to $21.50 in a research report on Wednesday, August 5th. Mizuho set a $21.00 target price on shares of Coupang in a research report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a research note on Monday. Finally, Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Coupang presently has an average rating of “Hold” and an average price target of $23.14.

Coupang Price Performance

Shares of NYSE:CPNG traded down $0.84 during trading on Thursday, reaching $16.21. 16,491,747 shares of the company’s stock traded hands, compared to its average volume of 21,176,676. Coupang has a fifty-two week low of $13.35 and a fifty-two week high of $30.09. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $29.14 billion, a PE ratio of -21.36 and a beta of 1.15. The company has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $17.19.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Coupang had a negative net margin of 3.77% and a negative return on equity of 20.09%. Coupang’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, analysts predict that Coupang will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 5,519 shares of Coupang stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $13.65, for a total transaction of $75,334.35. Following the sale, the chief accounting officer owned 176,396 shares of the company’s stock, valued at $2,407,805.40. The trade was a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the sale, the insider directly owned 740,931 shares of the company’s stock, valued at $11,988,263.58. The trade was a 20.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 203,148 shares of company stock valued at $3,272,530. 12.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coupang

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Wealth LLC grew its stake in Coupang by 5.2% during the 1st quarter. NewEdge Wealth LLC now owns 16,917 shares of the company’s stock valued at $319,000 after acquiring an additional 840 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Coupang by 10.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 13,449 shares of the company’s stock worth $254,000 after purchasing an additional 1,280 shares in the last quarter. Vise Technologies Inc. lifted its stake in Coupang by 6.6% in the 3rd quarter. Vise Technologies Inc. now owns 21,112 shares of the company’s stock worth $293,000 after purchasing an additional 1,315 shares in the last quarter. Adalta Capital Management LLC boosted its holdings in shares of Coupang by 1.5% during the 1st quarter. Adalta Capital Management LLC now owns 87,801 shares of the company’s stock worth $1,658,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Coupang by 54.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,086 shares of the company’s stock worth $57,000 after purchasing an additional 1,435 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang News Summary

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Coupang forecast fourth-quarter constant-currency revenue growth of 13%–14% and 50–150 basis points of adjusted EBITDA margin expansion. Q4 guidance
• Positive Sentiment: Third-quarter revenue reached $9.96 billion, topping estimates; constant-currency revenue grew 11% year over year. Taiwan WOW membership more than doubled, signaling continued customer growth. Long-term investor takeaways
• Positive Sentiment: Citigroup upgraded CPNG from Neutral to Buy and set a $19 price target, reflecting a more favorable view of the stock’s prospects. Citi upgrade
• Negative Sentiment: Despite beating revenue expectations, Coupang reported a quarterly loss of $0.18 per share, worse than the $0.09 loss expected in the provided earnings data, and down from a $0.05 profit a year earlier. The earnings shortfall and widening losses may be weighing on sentiment. Q3 earnings report

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.