Analysts Set Coupang, Inc. (NYSE:CPNG) Target Price at $26.71

Shares of Coupang, Inc. (NYSE:CPNG) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $26.71.

A number of equities analysts recently weighed in on the stock. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. Mizuho upped their target price on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Bank of America assumed coverage on Coupang in a report on Friday, May 3rd. They set a “buy” rating and a $30.00 price target for the company. Morgan Stanley upped their price objective on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Finally, Barclays lifted their target price on Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th.

Insider Buying and Selling at Coupang

In other news, CFO Gaurav Anand sold 200,000 shares of Coupang stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $22.75, for a total transaction of $4,550,000.00. Following the completion of the sale, the chief financial officer now owns 1,937,500 shares of the company’s stock, valued at $44,078,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Coupang news, CFO Gaurav Anand sold 200,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $22.75, for a total transaction of $4,550,000.00. Following the transaction, the chief financial officer now owns 1,937,500 shares in the company, valued at approximately $44,078,125. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hanseung Kang sold 40,000 shares of Coupang stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $23.00, for a total transaction of $920,000.00. Following the completion of the sale, the director now owns 544,478 shares of the company’s stock, valued at $12,522,994. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 501,300 shares of company stock valued at $11,309,354 and have sold 956,922 shares valued at $20,267,413. Insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

Several large investors have recently modified their holdings of the stock. Global Retirement Partners LLC lifted its position in Coupang by 135.8% during the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares during the period. GAMMA Investing LLC increased its stake in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after acquiring an additional 1,470 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Coupang during the first quarter valued at approximately $50,000. Opal Wealth Advisors LLC bought a new stake in Coupang during the second quarter worth $74,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Coupang by 360.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after purchasing an additional 3,224 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Trading Up 0.2 %

Shares of NYSE:CPNG opened at $22.45 on Friday. The stock has a market capitalization of $40.14 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2,041.58 and a beta of 1.09. The company’s 50-day moving average price is $21.19 and its two-hundred day moving average price is $20.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. Coupang has a one year low of $13.51 and a one year high of $23.77.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts forecast that Coupang will post 0.01 EPS for the current fiscal year.

About Coupang

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.