Coupang (NYSE:CPNG) Hits New 1-Year Low – Should You Sell?

Coupang, Inc. (NYSE:CPNG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $15.64 and last traded at $15.6850, with a volume of 7268985 shares changing hands. The stock had previously closed at $16.12.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Morgan Stanley decreased their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Citigroup lowered shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.20 in a research report on Wednesday, May 6th. UBS Group set a $25.00 target price on shares of Coupang in a research report on Thursday, February 19th. Finally, Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.92.

Coupang Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $19.21 and its two-hundred day moving average price is $21.99. The company has a market cap of $28.14 billion, a P/E ratio of -174.19 and a beta of 1.20.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post -0.17 earnings per share for the current year.

Insider Activity at Coupang

In other news, Director Neil Mehta bought 3,000,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $18.68 per share, for a total transaction of $56,040,000.00. Following the completion of the acquisition, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. This represents a 6.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 7,350,104 shares of company stock valued at $136,566,051 in the last ninety days. Company insiders own 12.78% of the company’s stock.

Institutional Trading of Coupang

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Coupang in the third quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Coupang in the third quarter worth approximately $32,000. Fifth Third Bancorp lifted its position in shares of Coupang by 1,250.0% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Reflection Asset Management purchased a new stake in shares of Coupang in the fourth quarter worth approximately $28,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Coupang in the third quarter worth approximately $40,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

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.