Coupang (NYSE:CPNG) Stock Gets Price Target Bump from Barclays

Coupang (NYSE:CPNG) had its price target hoisted by equities researchers at Barclays from $29.00 to $32.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 98.70% from the stock’s previous close.

A number of other analysts have also recently issued reports on CPNG. The Goldman Sachs Group set a $31.00 price objective on Coupang in a report on Thursday, July 9th. Sanford C. Bernstein cut their price target on shares of Coupang from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Thursday. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday. Bank of America reduced their price objective on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Finally, Mizuho set a $21.00 target price on shares of Coupang in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Coupang currently has a consensus rating of “Hold” and an average price target of $23.41.

Coupang Stock Performance

Shares of NYSE CPNG traded down $0.94 during midday trading on Thursday, reaching $16.11. The company’s stock had a trading volume of 21,146,482 shares, compared to its average volume of 21,194,148. The stock has a market capitalization of $28.95 billion, a P/E ratio of -21.18 and a beta of 1.15. The firm has a 50 day moving average price of $14.74 and a 200-day moving average price of $17.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68. Coupang has a 12-month low of $13.35 and a 12-month high of $30.09.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.09). Coupang had a negative return on equity of 20.09% and a negative net margin of 3.77%. The company had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Coupang will post -0.47 earnings per share for the current year.

Insider Transactions at Coupang

In related news, insider Harold Rogers sold 192,110 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 740,931 shares in the company, valued at $11,988,263.58. This represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jonathan D. Lee sold 5,519 shares of Coupang stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $13.65, for a total value of $75,334.35. Following the completion of the sale, the chief accounting officer directly owned 176,396 shares of the company’s stock, valued at $2,407,805.40. The trade was a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 203,148 shares of company stock valued at $3,272,530. 12.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Coupang

A number of hedge funds have recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. raised its holdings in Coupang by 652.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,702 shares of the company’s stock worth $37,000 after purchasing an additional 2,343 shares during the period. Main Street Group LTD purchased a new position in Coupang during the first quarter valued at $40,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Coupang during the third quarter valued at about $40,000. Trellis Wealth Advisors LLC bought a new stake in Coupang during the third quarter valued at about $44,000. Finally, Versant Capital Management Inc increased its position in Coupang by 94.6% in the third quarter. Versant Capital Management Inc now owns 3,478 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares in the last quarter. 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: Coupang forecast fourth-quarter constant-currency revenue growth of 13%–14% and 50–150 basis points of adjusted EBITDA margin expansion. Q4 guidance
• Positive Sentiment: Third-quarter revenue reached $9.96 billion, topping estimates; constant-currency revenue grew 11% year over year. Taiwan WOW membership more than doubled, signaling continued customer growth. Long-term investor takeaways
• Positive Sentiment: Citigroup upgraded CPNG from Neutral to Buy and set a $19 price target, reflecting a more favorable view of the stock’s prospects. Citi upgrade
• Negative Sentiment: Despite beating revenue expectations, Coupang reported a quarterly loss of $0.18 per share, worse than the $0.09 loss expected in the provided earnings data, and down from a $0.05 profit a year earlier. The earnings shortfall and widening losses may be weighing on sentiment. Q3 earnings report

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.