Coupang (NYSE:CPNG) Now Covered by Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Coupang (NYSE:CPNGGet Free Report) in a research report issued on Thursday, MarketBeat.com reports. The brokerage set an “underperform” rating and a $17.00 price target on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 12.46% from the company’s current price.

CPNG has been the subject of several other research reports. Nomura downgraded Coupang from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Monday, January 12th. Barclays raised their price objective on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Mizuho raised their price target on shares of Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Coupang in a research note on Monday, January 5th. Finally, Bank of America boosted their price objective on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.63.

Check Out Our Latest Stock Analysis on Coupang

Coupang Stock Performance

Shares of CPNG stock opened at $19.42 on Thursday. The company’s 50 day moving average is $23.10 and its 200 day moving average is $27.75. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The firm has a market cap of $35.47 billion, a price-to-earnings ratio of 92.48 and a beta of 1.19. Coupang has a 52-week low of $18.55 and a 52-week high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.13 billion. During the same period last year, the business earned $0.06 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Coupang will post 0.17 EPS for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total transaction of $63,277.98. Following the transaction, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Coupang

Large investors have recently bought and sold shares of the company. Ashoka WhiteOak Capital Pte Ltd lifted its position in shares of Coupang by 404.1% in the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 314,383 shares of the company’s stock valued at $7,586,000 after acquiring an additional 252,020 shares in the last quarter. ABC Arbitrage SA acquired a new position in Coupang in the 4th quarter valued at $341,000. NewEdge Wealth LLC boosted its stake in Coupang by 5.7% during the 4th quarter. NewEdge Wealth LLC now owns 16,077 shares of the company’s stock worth $379,000 after purchasing an additional 860 shares during the last quarter. Makena Capital Management LLC grew its holdings in shares of Coupang by 16.8% during the fourth quarter. Makena Capital Management LLC now owns 691,386 shares of the company’s stock worth $16,310,000 after buying an additional 99,397 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Coupang by 23.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,933 shares of the company’s stock worth $211,000 after buying an additional 1,682 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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About Coupang

(Get Free Report)

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.

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