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

Shares of Coupang, Inc. (NYSE:CPNGGet Rating) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.40.

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

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 debt-to-equity ratio of 0.68, a quick ratio of 0.89 and a current ratio of 1.19. The firm has a market capitalization of $29.64 billion and a P/E ratio of -12.06. The stock’s 50-day moving average price is $20.31 and its 200 day moving average price is $24.27. Coupang has a one year low of $15.27 and a one year high of $46.40.

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

In related news, Director Greenoaks Capital Partners Llc acquired 200,000 shares of the business’s stock in a transaction dated Thursday, March 17th. The shares were bought at an average price of $18.85 per share, with a total value of $3,770,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 50,000,000 shares of the stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $20.87, for a total transaction of $1,043,500,000.00. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CAPROCK Group Inc. acquired a new stake in shares of Coupang in the 1st quarter worth about $468,000. Barber Financial Group Inc. increased its stake in Coupang by 12.4% in the 1st quarter. Barber Financial Group Inc. now owns 190,017 shares of the company’s stock valued at $3,360,000 after buying an additional 21,000 shares during the last quarter. Optimum Investment Advisors increased its stake in Coupang by 300.0% in the 4th quarter. Optimum Investment Advisors now owns 2,000 shares of the company’s stock valued at $59,000 after buying an additional 1,500 shares during the last quarter. Norges Bank purchased a new stake in Coupang in the 4th quarter valued at about $2,938,000. Finally, Stephens Inc. AR purchased a new stake in Coupang in the 4th quarter valued at about $372,000. Institutional investors own 71.71% of the company’s stock.

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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