Analysts Set Coupang, Inc. (NYSE:CPNG) Target Price at $27.25

Shares of Coupang, Inc. (NYSE:CPNG) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.25.

A number of equities analysts recently commented on the company. UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.50 to $26.00 in a report on Thursday, May 16th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Finally, Morgan Stanley increased their price objective on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th.

Coupang Price Performance

Shares of Coupang stock opened at $23.41 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The company has a market cap of $41.86 billion, a PE ratio of 33.44, a P/E/G ratio of 161.35 and a beta of 1.10. The business has a 50 day moving average of $21.71 and a 200 day moving average of $21.07. Coupang has a 52 week low of $13.51 and a 52 week high of $23.99.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, equities research analysts forecast that Coupang will post 0.14 earnings per share for the current year.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 601,300 shares of company stock valued at $13,604,354 and have sold 1,110,432 shares valued at $23,870,597. Insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several large investors have recently bought and sold shares of CPNG. WCM Investment Management LLC increased its holdings in Coupang by 2,250.9% in the 1st quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock worth $799,242,000 after buying an additional 43,015,433 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Coupang by 15.9% in the 1st quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock worth $2,999,412,000 after buying an additional 23,076,870 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Coupang by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after buying an additional 18,894,909 shares in the last quarter. Norges Bank bought a new stake in Coupang in the 4th quarter worth about $250,714,000. Finally, Assenagon Asset Management S.A. increased its holdings in Coupang by 217.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,909,546 shares of the company’s stock worth $51,761,000 after buying an additional 1,992,092 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

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.