Coupang (NYSE:CPNG) Announces Earnings Results

Coupang (NYSE:CPNG) posted its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis.

Coupang Price Performance

Shares of CPNG stock traded down $2.10 during trading hours on Wednesday, reaching $21.55. 22,759,186 shares of the company were exchanged, compared to its average volume of 13,278,692. Coupang has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. The stock’s fifty day moving average is $19.79 and its two-hundred day moving average is $17.21. The company has a market cap of $38.65 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 19.21 and a beta of 1.13.

Insider Activity at Coupang

In other Coupang news, insider Harold Rogers sold 139,080 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares in the company, valued at $7,194,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coupang news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the sale, the insider now directly owns 394,192 shares in the company, valued at approximately $7,194,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the completion of the transaction, the insider now directly owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Insiders sold a total of 33,355,282 shares of company stock valued at $633,457,030 over the last quarter. Corporate insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CPNG shares. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Mizuho boosted their price target on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays raised their price objective on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and raised their price target for the stock from $19.00 to $26.00 in a research note on Monday, April 15th. Finally, TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and a consensus price target of $23.92.

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.