Coupang (NYSE:CPNG) Stock Price Target Cut by Sanford C. Bernstein

Coupang (NYSE:CPNG) had its price target decreased by analysts at Sanford C. Bernstein from $12.00 to $11.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Sanford C. Bernstein‘s target price points to a potential downside of 32.40% from the company’s previous close.

CPNG has been the topic of a number of other reports. Mizuho set a $21.00 price target on Coupang in a research note on Wednesday. Bank of America dropped their price objective on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and cut their price objective for the stock from $23.00 to $21.50 in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a report on Monday. Finally, Citigroup raised Coupang from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.41.

Coupang Stock Performance

NYSE:CPNG traded down $0.15 during mid-day trading on Thursday, reaching $16.27. The stock had a trading volume of 15,261,974 shares, compared to its average volume of 13,735,645. Coupang has a twelve month low of $13.35 and a twelve month high of $29.50. The business has a 50 day simple moving average of $14.74 and a 200 day simple moving average of $17.15. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of -21.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.87.

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). The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $9.76 billion. Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, analysts expect that Coupang will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, insider Harold Rogers sold 192,110 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.18, for a total value of $3,108,339.80. Following the completion of the transaction, the insider directly owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jonathan D. Lee sold 5,519 shares of Coupang stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $13.65, for a total transaction of $75,334.35. Following the sale, the chief accounting officer owned 176,396 shares of the company’s stock, valued at approximately $2,407,805.40. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $3,272,530. 12.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coupang

Hedge funds have recently bought and sold shares of the company. Aberdeen Group plc boosted its position in Coupang by 1,415.4% during the third quarter. Aberdeen Group plc now owns 572,306 shares of the company’s stock worth $7,938,000 after purchasing an additional 534,540 shares in the last quarter. 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 last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Coupang during the 3rd quarter worth $347,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Coupang

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

About Coupang

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.