Coupang (NYSE:CPNG – Get Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.53, MarketWatch Earnings reports. Coupang had a negative net margin of 8.38% and a negative return on equity of 46.10%. During the same period last year, the firm posted ($0.68) earnings per share.
Shares of CPNG stock opened at $11.95 on Friday. Coupang has a one year low of $8.98 and a one year high of $46.00. The company’s 50-day moving average is $16.60 and its 200 day moving average is $22.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 0.89.
A number of analysts have recently weighed in on CPNG shares. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $29.00 to $15.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $37.00 target price on shares of Coupang in a research report on Friday, April 8th. UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 9th. Finally, Zacks Investment Research raised shares of Coupang from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $28.63.
Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Coupang in the 4th quarter worth approximately $2,938,000. HighTower Advisors LLC lifted its stake in shares of Coupang by 27.0% in the 1st quarter. HighTower Advisors LLC now owns 81,147 shares of the company’s stock worth $1,435,000 after purchasing an additional 17,248 shares during the period. Citigroup Inc. lifted its stake in shares of Coupang by 75.8% in the 1st quarter. Citigroup Inc. now owns 78,576 shares of the company’s stock worth $1,389,000 after purchasing an additional 33,890 shares during the period. LPL Financial LLC lifted its stake in shares of Coupang by 76.7% in the 3rd quarter. LPL Financial LLC now owns 42,636 shares of the company’s stock worth $1,187,000 after purchasing an additional 18,512 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Coupang by 14.5% in the 4th quarter. Allianz Asset Management GmbH now owns 27,037 shares of the company’s stock worth $794,000 after purchasing an additional 3,434 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.
Coupang Company Profile (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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