Coupang (NYSE:CPNG – Get Free Report) had its price target boosted by equities research analysts at Barclays from $29.00 to $32.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 96.67% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group set a $31.00 price objective on shares of Coupang in a research note on Thursday, July 9th. Mizuho set a $21.00 target price on shares of Coupang in a report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and reduced their target price for the stock from $23.00 to $21.50 in a report on Wednesday, August 5th. Finally, Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.41.
View Our Latest Analysis on CPNG
Coupang Price Performance
CPNG stock traded down $0.15 during trading hours on Thursday, hitting $16.27. 15,261,974 shares of the stock traded hands, compared to its average volume of 13,735,645. The stock has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $17.15. Coupang has a one year low of $13.35 and a one year high of $29.50. The company has a market cap of $29.25 billion, a P/E ratio of -21.41 and a beta of 1.15. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21.
Coupang (NYSE:CPNG – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The business had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter last year, the firm posted $0.05 earnings per share. Coupang’s revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Coupang will post -0.61 earnings per share for the current year.
Insider Activity at Coupang
In related news, insider Harold Rogers sold 192,110 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.18, for a total value of $3,108,339.80. Following the completion of the transaction, the insider owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the completion of the transaction, the chief accounting officer directly owned 176,396 shares of the company’s stock, valued at $2,407,805.40. This represents a 3.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 203,148 shares of company stock valued at $3,272,530. 12.83% of the stock is owned by insiders.
Institutional Trading of Coupang
Hedge funds have recently modified their holdings of the business. Tiger Global Management LLC boosted its position in shares of Coupang by 31.7% in the first quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company’s stock worth $653,161,000 after buying an additional 8,328,148 shares during the period. Assenagon Asset Management S.A. lifted its stake in Coupang by 112.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company’s stock worth $389,777,000 after acquiring an additional 14,865,737 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in Coupang by 98.3% in the 1st quarter. Coronation Fund Managers Ltd. now owns 11,771,286 shares of the company’s stock worth $222,242,000 after acquiring an additional 5,835,072 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Coupang by 20.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,766 shares of the company’s stock worth $82,404,000 after acquiring an additional 732,300 shares in the last quarter. Finally, RDST Capital LLC boosted its position in Coupang by 69.3% during the 1st quarter. RDST Capital LLC now owns 3,646,900 shares of the company’s stock worth $68,853,000 after acquiring an additional 1,492,500 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.
Key Headlines Impacting Coupang
Here are the key news stories impacting Coupang this week:
- Positive Sentiment: Analyst actions are broadly supportive: Barclays raised its price target to $32 and maintained an Overweight rating, while Citi upgraded Coupang to Buy with a $19 target. Barclays rating Citi upgrade
- Positive Sentiment: Q3 constant-currency revenue grew 11% year over year, and Taiwan WOW membership more than doubled. These growth figures may help reinforce the longer-term expansion story. Q3 investor takeaways
- Neutral Sentiment: Wall Street analyst coverage remains divided: Bernstein cut its target to $11 and kept an Underperform rating, contrasting with the recent upgrades. Bernstein rating
- Negative Sentiment: A Seoul court dismissed Coupang’s suit challenging a fine from South Korea’s data-protection agency, leaving an adverse regulatory decision in place and adding legal risk. Court ruling
- Negative Sentiment: Despite revenue exceeding estimates, Coupang’s latest quarterly EPS missed analysts’ expectations, and coverage highlighted widening losses. That earnings-quality concern may temper optimism around the growth and analyst upgrades. Q3 growth and losses analysis
Coupang Company Profile
Coupang, Inc is an e-commerce and technology company best known for its online marketplace in South Korea. The platform offers products across categories such as electronics, apparel, household goods and groceries, combining third-party sellers with retail operations and a network of fulfillment and delivery services.
Its services include Rocket Delivery for rapid shipping, Rocket Fresh for grocery delivery and Coupang Eats for food delivery. Coupang also offers Coupang Play, a video-streaming service, and operates a paid membership program called Rocket Wow.
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