Coupang (NYSE:CPNG – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06), FiscalAI reports. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%.
Coupang Stock Performance
Shares of Coupang stock traded up $0.51 during trading hours on Tuesday, hitting $20.77. 21,349,452 shares of the company’s stock traded hands, compared to its average volume of 23,086,293. The stock has a market capitalization of $37.98 billion, a price-to-earnings ratio of 173.13 and a beta of 1.20. Coupang has a 12-month low of $16.74 and a 12-month high of $34.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. The company has a fifty day simple moving average of $19.54 and a 200-day simple moving average of $22.89.
Analyst Ratings Changes
Several analysts have recently commented on CPNG shares. Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Nomura cut their price target on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Mizuho reduced their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Weiss Ratings lowered shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Finally, UBS Group set a $25.00 target price on shares of Coupang in a research report on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.30.
Insider Buying and Selling at Coupang
In related news, Director Neil Mehta purchased 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the acquisition, the director owned 52,978,114 shares of the company’s stock, valued at $989,631,169.52. This represents a 6.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is currently owned by insiders.
Institutional Trading of Coupang
Hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in Coupang in the third quarter valued at about $26,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Coupang during the 4th quarter worth approximately $42,000. EFG International AG purchased a new stake in shares of Coupang during the 4th quarter worth approximately $44,000. LGT Financial Advisors LLC bought a new stake in shares of Coupang in the 3rd quarter worth approximately $52,000. Finally, Colonial Trust Advisors raised its holdings in shares of Coupang by 91.7% in the 4th quarter. Colonial Trust Advisors now owns 2,875 shares of the company’s stock worth $68,000 after purchasing an additional 1,375 shares during the period. Institutional investors own 83.72% of the company’s stock.
Coupang Company Profile
Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.
The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.
Further Reading
Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.
