Coupang, Inc. (NYSE:CPNG) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Coupang, Inc. (NYSE:CPNGGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.25.

CPNG has been the subject of several research analyst reports. Mizuho boosted their price objective on Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Arete Research assumed coverage on Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Research upgraded Coupang from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Nomura decreased their price objective on shares of Coupang from $38.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th.

Get Our Latest Research Report on CPNG

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $31.98, for a total value of $372,662.94. Following the transaction, the vice president owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This trade represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.78% of the stock is currently owned by company insiders.

Institutional Trading of Coupang

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Coupang by 343.5% during the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock worth $920,786,000 after buying an additional 22,147,432 shares during the last quarter. Norges Bank acquired a new position in shares of Coupang during the second quarter valued at $587,186,000. Eminence Capital LP bought a new position in shares of Coupang during the second quarter worth about $204,840,000. Dodge & Cox increased its holdings in shares of Coupang by 14.3% in the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock worth $1,396,571,000 after acquiring an additional 5,829,600 shares during the period. Finally, Bank of America Corp DE boosted its stake in Coupang by 198.8% during the 3rd quarter. Bank of America Corp DE now owns 5,510,247 shares of the company’s stock valued at $177,430,000 after purchasing an additional 3,666,227 shares during the period. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 6.5%

CPNG opened at $24.28 on Wednesday. Coupang has a 12-month low of $19.02 and a 12-month high of $34.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market capitalization of $44.34 billion, a PE ratio of 115.60 and a beta of 1.18. The firm’s fifty day moving average price is $27.68 and its 200 day moving average price is $29.36.

Coupang (NYSE:CPNGGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. As a group, research analysts expect that Coupang will post 0.17 EPS for the current fiscal year.

More Coupang News

Here are the key news stories impacting Coupang this week:

About Coupang

(Get Free Report)

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.

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