Coupang (NYSE:CPNG) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Coupang (NYSE:CPNG) from an underperform rating to an outperform rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have $30.00 target price on the stock.

A number of other analysts also recently commented on CPNG. CLSA upgraded Coupang from a hold rating to an outperform rating and boosted their target price for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Morgan Stanley boosted their target price on Coupang from $26.00 to $27.00 and gave the stock an overweight rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $27.56.

Coupang Stock Down 0.4 %

Coupang stock opened at $25.53 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. Coupang has a 1-year low of $13.51 and a 1-year high of $26.28. The company has a market cap of $45.65 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 181.74 and a beta of 1.11. The stock’s 50 day moving average price is $23.33 and its 200 day moving average price is $21.96.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, sell-side analysts predict that Coupang will post 0.14 EPS for the current fiscal year.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the acquisition, the director now directly owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Gaurav Anand sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $22.75, for a total value of $4,550,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,937,500 shares in the company, valued at approximately $44,078,125. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the purchase, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 601,300 shares of company stock valued at $13,604,354 and sold 411,388 shares valued at $9,452,761. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Institutional investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 1,470 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Coupang during the first quarter valued at about $50,000. Opal Wealth Advisors LLC purchased a new stake in Coupang during the second quarter valued at about $74,000. Benjamin F. Edwards & Company Inc. grew its position in Coupang by 360.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after acquiring an additional 3,224 shares during the period. Finally, Northwest Capital Management Inc purchased a new stake in Coupang during the third quarter valued at about $87,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Company Profile

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.