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

Shares of Coupang, Inc. (NYSE:CPNG) have earned an average rating of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $26.70.

Several equities analysts recently weighed in on CPNG shares. Morgan Stanley cut their price objective on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Mizuho dropped their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Weiss Ratings downgraded shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, January 16th. Finally, Nomura lowered their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd.

Insider Activity

In other news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the sale, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in Coupang by 481.8% during the second quarter. Assetmark Inc. now owns 5,463 shares of the company’s stock worth $164,000 after purchasing an additional 4,524 shares during the period. Sigma Planning Corp raised its position in shares of Coupang by 6.0% in the second quarter. Sigma Planning Corp now owns 16,413 shares of the company’s stock valued at $492,000 after purchasing an additional 933 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Coupang in the second quarter valued at approximately $78,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Coupang in the second quarter worth $374,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Coupang during the 2nd quarter worth $823,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of CPNG stock opened at $19.08 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. Coupang has a fifty-two week low of $16.74 and a fifty-two week high of $34.08. The stock’s 50-day moving average is $20.09 and its two-hundred day moving average is $26.06. The firm has a market cap of $34.85 billion, a P/E ratio of 159.01 and a beta of 1.20.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts predict that Coupang will post 0.17 earnings per share for the current fiscal year.

About Coupang

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.