Coupang (NYSE:CPNG) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Coupang (NYSE:CPNG – Free Report) from a hold rating to a buy rating in a research report released on Saturday.

A number of other research firms have also recently weighed in on CPNG. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Mizuho upgraded shares of Coupang to a “hold” rating in a research note on Friday, April 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.08.

Read Our Latest Analysis on Coupang

Coupang Stock Up 2.0%

Shares of NYSE CPNG opened at $30.68 on Friday. Coupang has a 12-month low of $18.16 and a 12-month high of $30.91. The stock’s fifty day simple moving average is $28.33 and its two-hundred day simple moving average is $24.75. The stock has a market capitalization of $55.69 billion, a PE ratio of 219.11 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. The business’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, analysts expect that Coupang will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president directly owned 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of $26.78 per share, with a total value of $20,085,000.00. Following the acquisition, the director directly owned 54,481,161 shares of the company’s stock, valued at approximately $1,459,005,491.58. This trade represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 40,459,697 shares of company stock worth $1,067,780,811 in the last three months. 12.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspirion Wealth Advisors LLC increased its holdings in shares of Coupang by 0.3% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 134,314 shares of the company’s stock valued at $4,024,000 after purchasing an additional 400 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in Coupang by 1.4% during the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company’s stock valued at $646,000 after buying an additional 408 shares during the period. California State Teachers Retirement System increased its holdings in Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock valued at $1,879,000 after buying an additional 445 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Coupang by 4.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 11,248 shares of the company’s stock worth $323,000 after acquiring an additional 461 shares during the period. Finally, Virtus ETF Advisers LLC raised its position in shares of Coupang by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock worth $975,000 after acquiring an additional 466 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Company Profile

(Get Free Report)

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.

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