Coupang (NYSE:CPNG) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Coupang Stock Performance

Shares of Coupang stock traded up $0.43 during trading on Friday, reaching $22.44. The company’s stock had a trading volume of 3,408,624 shares, compared to its average volume of 13,300,141. Coupang has a one year low of $13.51 and a one year high of $23.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The firm has a market cap of $40.24 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 19.21 and a beta of 1.13. The business’s fifty day moving average price is $20.04 and its 200-day moving average price is $17.31.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CPNG shares. Barclays lifted their price objective on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup boosted their target price on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho increased their price target on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and upped their price objective for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, Bank of America began coverage on Coupang in a report on Friday, May 3rd. They set a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Insider Buying and Selling

In related news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares of the company’s stock, valued at approximately $7,194,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coupang news, insider Harold Rogers sold 139,080 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares of the company’s stock, valued at approximately $7,194,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neil Mehta sold 1,600,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $18.68, for a total transaction of $29,888,000.00. Following the completion of the transaction, the director now directly owns 48,006,135 shares in the company, valued at $896,754,601.80. 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 ninety days. 14.90% of the stock is owned by company insiders.

About Coupang

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.