Coupang, Inc. (NYSE:CPNG) Receives $25.39 Average PT from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.3917.

A number of brokerages recently commented on CPNG. Mizuho set a $22.00 price target on Coupang in a research report on Wednesday, August 5th. CLSA initiated coverage on Coupang in a research note on Monday, June 15th. They issued an “outperform” rating and a $24.00 price objective for the company. The Goldman Sachs Group set a $31.00 price objective on Coupang in a research note on Thursday, July 9th. Bank of America decreased their target price on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Citigroup cut Coupang from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th.

Coupang Trading Down 0.8%

NYSE:CPNG opened at $16.37 on Thursday. Coupang has a 52 week low of $14.92 and a 52 week high of $34.08. The firm has a 50-day moving average price of $17.00 and a two-hundred day moving average price of $18.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market cap of $29.39 billion, a price-to-earnings ratio of -38.07 and a beta of 1.13.

Insider Transactions at Coupang

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

Hedge Funds Weigh In On Coupang

Several institutional investors and hedge funds have recently bought and sold shares of CPNG. Sunbelt Securities Inc. bought a new stake in shares of Coupang in the third quarter valued at $26,000. Reflection Asset Management purchased a new stake in Coupang in the 4th quarter worth about $28,000. Webster Bank N. A. increased its holdings in Coupang by 325.8% in the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock worth $32,000 after acquiring an additional 1,300 shares during the last quarter. Main Street Group LTD purchased a new stake in Coupang in the 1st quarter worth about $40,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Coupang in the 4th quarter valued at about $42,000. 83.72% of the stock is owned by institutional investors.

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.