Coupang (NYSE:CPNG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coupang (NYSE:CPNG) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research firms have also issued reports on CPNG. Mizuho raised Coupang to a “hold” rating in a report on Friday, April 18th. Barclays increased their price objective on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Coupang Stock Down 0.6%

NYSE:CPNG opened at $28.37 on Friday. The business’s fifty day moving average price is $26.11 and its 200 day moving average price is $24.04. The firm has a market capitalization of $51.51 billion, a price-to-earnings ratio of 202.64 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Coupang has a 1-year low of $18.16 and a 1-year high of $29.12.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that Coupang will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the sale, the insider now directly owns 309,542,259 shares in the company, valued at approximately $8,744,568,816.75. This represents a 3.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,459,697 shares of company stock valued at $1,067,780,811. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several large investors have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in Coupang by 25.7% in the fourth quarter. Deutsche Bank AG now owns 90,833 shares of the company’s stock valued at $1,997,000 after buying an additional 18,593 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Coupang in the fourth quarter valued at approximately $349,000. Point72 Hong Kong Ltd acquired a new position in shares of Coupang in the 4th quarter worth approximately $1,394,000. Vanguard Group Inc. grew its position in Coupang by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company’s stock worth $117,949,000 after acquiring an additional 54,364 shares during the last quarter. Finally, Amundi increased its holdings in Coupang by 34.5% during the 4th quarter. Amundi now owns 377,879 shares of the company’s stock valued at $8,419,000 after purchasing an additional 96,848 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.