Coupang, Inc. (NYSE:CPNG) Given Consensus Rating of “Hold” by Analysts

Shares of Coupang, Inc. (NYSE:CPNGGet Rating) have received a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $36.40.

A number of brokerages have commented on CPNG. The Goldman Sachs Group reiterated a “buy” rating and set a $37.00 price target on shares of Coupang in a research report on Friday, April 8th. Mizuho decreased their target price on shares of Coupang from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, March 3rd. Zacks Investment Research downgraded shares of Coupang from a “hold” rating to a “sell” rating in a research note on Friday, January 14th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. Finally, UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 9th.

In other news, CTO Thuan Pham sold 119,990 shares of the company’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $18.98, for a total transaction of $2,277,410.20. Following the completion of the transaction, the chief technology officer now directly owns 2,678,978 shares of the company’s stock, valued at $50,847,002.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc acquired 200,000 shares of the stock in a transaction dated Thursday, March 17th. The shares were purchased at an average cost of $18.85 per share, with a total value of $3,770,000.00. The disclosure for this purchase can be found here.

Large investors have recently modified their holdings of the company. Invesco Ltd. purchased a new position in shares of Coupang during the second quarter valued at about $423,000. Kestra Advisory Services LLC increased its position in shares of Coupang by 9.1% during the third quarter. Kestra Advisory Services LLC now owns 8,263 shares of the company’s stock valued at $230,000 after buying an additional 691 shares during the period. Strs Ohio increased its position in shares of Coupang by 17,739.7% during the third quarter. Strs Ohio now owns 52,092 shares of the company’s stock valued at $1,450,000 after buying an additional 51,800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Coupang by 51.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,667 shares of the company’s stock valued at $771,000 after buying an additional 9,390 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Coupang during the third quarter valued at about $478,000. 71.71% of the stock is owned by hedge funds and other institutional investors.

Shares of CPNG stock traded down $0.44 during trading on Friday, hitting $16.88. The company had a trading volume of 4,087,702 shares, compared to its average volume of 7,996,971. The company has a quick ratio of 0.89, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average is $20.31 and its two-hundred day moving average is $24.27. The stock has a market capitalization of $29.64 billion and a price-to-earnings ratio of -12.06. Coupang has a 52 week low of $15.27 and a 52 week high of $46.40.

Coupang (NYSE:CPNGGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.03). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. Coupang had a negative return on equity of 46.10% and a negative net margin of 8.38%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, research analysts predict that Coupang will post -0.55 EPS for the current fiscal year.

About Coupang (Get Rating)

Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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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Analyst Recommendations for Coupang (NYSE:CPNG)

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