In yesterday’s Wall Street session, Coupang Inc. (NYSE:CPNG) shares traded at $19.69, up 2.29% from the previous session.
16 analysts cover Coupang Inc. (NYSE:CPNG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $9.90, we find $26.00. Given the previous closing price of $19.25, this indicates a potential upside of 35.06 percent. CPNG stock price is now 11.68% away from the 50-day moving average and 15.97% away from the 200-day moving average. The market capitalization of the company currently stands at $34.08B.
The stock has received a hold rating from 3 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $24.11 as their price target over the next twelve months.
With the price target of $27.80, HSBC Securities recently initiated with Buy rating for Coupang Inc. (NYSE: CPNG). On August 16, 2022, CLSA Downgraded its previous ‘Outperform’ rating to ‘Sell’ on the stock keeping its target price maintained at $16.40, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
In other news, GREENOAKS CAPITAL PARTNERS LLC, Director sold 600,000 shares of the company’s stock on Nov 15. The stock was sold for $11,544,000 at an average price of $19.24. Upon completion of the transaction, the Director now directly owns 71,001,928 shares in the company, valued at $1.4 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director GREENOAKS CAPITAL PARTNERS LLC sold 1,250,000 shares of the business’s stock. A total of $22,675,000 was realized by selling the stock at an average price of $18.14. This leaves the insider owning 71,601,928 shares of the company worth $1.41 billion. Insiders disposed of 151,370,097 shares of company stock worth roughly $2.98 billion over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPNG stock. A new stake in Coupang Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $57,855,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $41,788,000 in shares of CPNG during the first quarter. In the first quarter, ARDEVORA ASSET MANAGEMENT LLP acquired a new stake in Coupang Inc. valued at approximately $31,971,000. CANDRIAM S.C.A. acquired a new stake in CPNG for approximately $25,679,000. BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY purchased a new stake in CPNG valued at around $22,604,000 in the second quarter. In total, there are 436 active investors with 80.10% ownership of the company’s stock.
On Friday morning Coupang Inc. (NYSE: CPNG) stock kicked off with the opening price of $19.56. During the past 12 months, Coupang Inc. has had a low of $8.98 and a high of $30.65. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for CPNG is $17.66 and a two-hundred day moving average price translates $16.98 for the stock.
The latest earnings results from Coupang Inc. (NYSE: CPNG) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.11 by 0.07. This compares to -$0.19 EPS in the same period last year. The net profit margin was -2.90% and return on equity was -28.30% for CPNG. The company reported revenue of $5.1 billion for the quarter, compared to $4.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.83 percent. For the current quarter, analysts expect CPNG to generate $5.19B in revenue.
Coupang Inc.(CPNG) Company Profile
Coupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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. It also performs operations and support services in China, Singapore, Japan, Taiwan, and the United States. Coupang, Inc. was incorporated in 2010 and is headquartered in Seoul, South Korea.