Coupang (NYSE:CPNG) Issues Quarterly Earnings Results

Coupang (NYSE:CPNG) announced its earnings results on Tuesday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05, Briefing.com reports. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. Coupang’s revenue was up 27.2% compared to the same quarter last year.

Coupang Price Performance

Shares of Coupang stock traded down $1.11 during trading on Friday, hitting $24.00. The stock had a trading volume of 7,257,137 shares, compared to its average volume of 9,733,354. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. Coupang has a 12 month low of $13.51 and a 12 month high of $26.91. The firm has a market cap of $43.05 billion, a price-to-earnings ratio of 41.52 and a beta of 1.10. The business’s 50-day moving average is $24.64 and its 200 day moving average is $22.81.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the transaction, the director now owns 50,376,224 shares of the company’s stock, valued at $1,127,923,655.36. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 451,300 shares of company stock worth $10,208,354 and sold 400,956 shares worth $9,245,164. 13.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.56.

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.