Coupang, Inc. (NYSE:CPNG) Receives $29.64 Average Price Target from Brokerages

Coupang, Inc. (NYSE:CPNG) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.64.

A number of brokerages have weighed in on CPNG. Barclays raised their target price on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Mizuho upgraded Coupang to a “hold” rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a report on Wednesday, February 26th.

Insider Buying and Selling

In other news, CFO Gaurav Anand sold 175,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the transaction, the chief financial officer now owns 2,092,290 shares of the company’s stock, valued at $58,814,271.90. This represents a 7.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the transaction, the insider now directly owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This represents a 8.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,709,697 shares of company stock valued at $791,138,311. 12.78% of the stock is owned by company insiders.

Institutional Trading of Coupang

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock valued at $4,861,000 after acquiring an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC purchased a new position in Coupang during the 4th quarter valued at about $2,618,000. New York Life Investment Management LLC purchased a new position in Coupang during the 4th quarter valued at about $349,000. Point72 Hong Kong Ltd bought a new position in Coupang during the 4th quarter valued at approximately $1,394,000. Finally, Deutsche Bank AG lifted its holdings in Coupang by 25.7% in the 4th quarter. Deutsche Bank AG now owns 90,833 shares of the company’s stock worth $1,997,000 after buying an additional 18,593 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Price Performance

Shares of NYSE CPNG opened at $28.49 on Friday. The firm has a market cap of $51.73 billion, a P/E ratio of 49.98, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15. The business’s 50 day moving average is $24.62 and its 200-day moving average is $23.79. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang has a 1-year low of $18.16 and a 1-year high of $29.12.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. Coupang’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Coupang will post 0.17 earnings per share for the current year.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.