Coupang (NYSE:CPNG) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Coupang (NYSE:CPNG) from a strong sell rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Other research analysts have also issued reports about the company. Mizuho set a $21.00 price objective on Coupang in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and decreased their target price for the stock from $23.00 to $21.50 in a report on Wednesday, August 5th. Bank of America dropped their target price on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Barclays increased their price target on shares of Coupang from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Coupang in a report on Monday, November 2nd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.41.

Coupang Price Performance

Shares of CPNG opened at $16.27 on Friday. The firm has a market capitalization of $29.25 billion, a PE ratio of -21.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.68. Coupang has a 1-year low of $13.35 and a 1-year high of $29.50. The company’s fifty day moving average price is $14.74 and its 200-day moving average price is $17.15.

Coupang (NYSE:CPNG) last released its 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 net margin of 3.77% and a negative return on equity of 21.51%. The firm had revenue of $9.96 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period in the previous year, the company earned $0.05 earnings per share. Coupang’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Coupang will post -0.60 EPS for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, 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 transaction, the insider owned 740,931 shares in the company, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jonathan D. Lee sold 5,519 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $13.65, for a total value 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 approximately $2,407,805.40. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,148 shares of company stock worth $3,272,530. 12.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Aberdeen Group plc grew its holdings in Coupang by 1,415.4% in the third quarter. Aberdeen Group plc now owns 572,306 shares of the company’s stock valued at $7,938,000 after purchasing an additional 534,540 shares during the period. Allworth Financial LP increased its position in shares of Coupang by 25.8% in the third quarter. Allworth Financial LP now owns 5,881 shares of the company’s stock valued at $82,000 after buying an additional 1,207 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Coupang by 3.6% in the third quarter. Russell Investments Group Ltd. now owns 2,901,364 shares of the company’s stock valued at $40,242,000 after buying an additional 100,398 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Coupang by 14.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 75,354 shares of the company’s stock worth $1,045,000 after buying an additional 9,546 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Coupang during the 3rd quarter worth approximately $347,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang News Roundup

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.