Coupang, Inc. (NYSE:CPNG) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.06.

Several research firms have issued reports on CPNG. CLSA started coverage on Coupang in a research report on Monday, June 15th. They set an “outperform” rating and a $24.00 target price on the stock. Barclays reissued an “overweight” rating and issued a $29.00 price target on shares of Coupang in a report on Tuesday, July 7th. Mizuho set a $22.00 price target on Coupang in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and decreased their price target for the company from $23.00 to $21.50 in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Coupang in a research report on Tuesday, August 4th.

Coupang Stock Down 2.6%

Shares of NYSE:CPNG opened at $13.91 on Friday. Coupang has a fifty-two week low of $13.88 and a fifty-two week high of $32.96. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $17.33. The company has a market cap of $25.01 billion, a price-to-earnings ratio of -32.36 and a beta of 1.15.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.18. The firm had revenue of $8.86 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. As a group, equities research analysts predict that Coupang will post -0.46 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other news, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.10, for a total transaction of $88,855.90. Following the transaction, the chief accounting officer directly owned 181,915 shares of the company’s stock, valued at $2,928,831.50. This represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the transaction, the insider owned 740,931 shares of the company’s stock, valued at $11,988,263.58. This represents a 20.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 12.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Coupang by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock valued at $86,000 after purchasing an additional 597 shares during the period. Global Retirement Partners LLC raised its position in Coupang by 38.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,677 shares of the company’s stock worth $63,000 after purchasing an additional 737 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in Coupang by 5.2% during the 1st quarter. NewEdge Wealth LLC now owns 16,917 shares of the company’s stock worth $319,000 after buying an additional 840 shares during the period. Root Financial Partners LLC lifted its holdings in Coupang by 68.5% during the 1st quarter. Root Financial Partners LLC now owns 2,265 shares of the company’s stock worth $43,000 after buying an additional 921 shares during the period. Finally, Reflection Asset Management bought a new stake in shares of Coupang in the 4th quarter valued at about $28,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

About Coupang

Coupang, Inc (NYSE: CPNG) is an e-commerce and technology company founded in South Korea in 2010. The company operates an online marketplace offering consumer goods across categories such as electronics, household products, apparel, beauty products and groceries.

Its services include Rocket Delivery, a logistics and fulfillment network designed to provide fast delivery; Rocket Fresh, its grocery delivery service; and Coupang Eats, a food-ordering and delivery platform. Coupang also operates Coupang Play, a subscription-based streaming service, and Coupang Pay, a digital payments service.

Coupang serves customers primarily in South Korea and Taiwan.