Coupang, Inc. (NYSE:CPNG) Given Average Rating of “Hold” by Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.6545.

CPNG has been the subject of several analyst reports. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. CLSA initiated coverage on Coupang in a research note on Monday. They issued an “outperform” rating and a $24.00 target price for the company. Morgan Stanley cut their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Weiss Ratings downgraded Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research note on Wednesday, May 6th.

Coupang Stock Up 5.1%

Shares of NYSE CPNG opened at $18.00 on Wednesday. Coupang has a 52 week low of $14.92 and a 52 week high of $34.08. The business has a 50-day simple moving average of $17.96 and a two-hundred day simple moving average of $19.97. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The company has a market cap of $32.32 billion, a P/E ratio of -200.01 and a beta of 1.12.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts anticipate that Coupang will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Coupang

A number of large investors have recently modified their holdings of CPNG. EverSource Wealth Advisors LLC boosted its position in shares of Coupang by 72.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $99,000 after acquiring an additional 1,395 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Coupang by 52.8% during the 2nd quarter. Baird Financial Group Inc. now owns 23,471 shares of the company’s stock valued at $703,000 after acquiring an additional 8,107 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Coupang by 48.1% during the 2nd quarter. Cerity Partners LLC now owns 45,252 shares of the company’s stock valued at $1,356,000 after acquiring an additional 14,703 shares during the last quarter. State Street Corp boosted its position in shares of Coupang by 8.4% during the 2nd quarter. State Street Corp now owns 15,641,775 shares of the company’s stock valued at $468,628,000 after acquiring an additional 1,210,801 shares during the last quarter. Finally, AXA S.A. bought a new stake in shares of Coupang during the 2nd quarter valued at about $411,000. Institutional investors own 83.72% of the company’s stock.

About Coupang

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.