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

Coupang, Inc. (NYSE:CPNG) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $26.92.

Several analysts have weighed in on the company. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. UBS Group set a $25.00 price objective on Coupang in a report on Thursday, February 19th. Morgan Stanley dropped their price objective on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Nomura dropped their price objective on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th.

Coupang Stock Performance

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

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

Insiders Place Their Bets

In other news, Director Neil Mehta purchased 3,000,000 shares of Coupang stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $18.68 per share, with a total value of $56,040,000.00. Following the transaction, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. The trade was a 6.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 7,350,104 shares of company stock worth $136,566,051. Corporate insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CPNG. Dodge & Cox lifted its stake in shares of Coupang by 4.9% in the fourth quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock worth $1,161,414,000 after acquiring an additional 2,285,600 shares during the period. Capital International Investors increased its holdings in Coupang by 20.4% in the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after purchasing an additional 6,977,942 shares in the last quarter. Tiger Global Management LLC increased its holdings in Coupang by 31.7% in the first quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company’s stock worth $653,161,000 after purchasing an additional 8,328,148 shares in the last quarter. Vanguard Group Inc. increased its holdings in Coupang by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares in the last quarter. Finally, Durable Capital Partners LP increased its holdings in Coupang by 0.4% in the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after purchasing an additional 89,207 shares in the last quarter. 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.