Coupang (NYSE:CPNG) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Coupang (NYSE:CPNG) released its earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03, Zacks reports. Coupang had a return on equity of 11.52% and a net margin of 3.57%.

Coupang Trading Down 1.6 %

Shares of Coupang stock traded down $0.41 during mid-day trading on Tuesday, hitting $24.23. The stock had a trading volume of 22,049,035 shares, compared to its average volume of 8,012,112. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $43.58 billion, a P/E ratio of 42.50, a price-to-earnings-growth ratio of 52.20 and a beta of 1.11. The firm has a 50-day moving average of $23.12 and a two-hundred day moving average of $23.85. Coupang has a 12-month low of $15.81 and a 12-month high of $26.91.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 13.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CPNG has been the topic of several research reports. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays boosted their price target on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.78.

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.