Coupang (NYSE:CPNG) Releases Earnings Results, Beats Expectations By $0.03 EPS

Coupang (NYSE:CPNG) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03, Zacks reports. Coupang had a net margin of 3.57% and a return on equity of 11.52%.

Coupang Price Performance

NYSE CPNG traded down $0.41 on Tuesday, reaching $24.23. 22,049,035 shares of the stock traded hands, compared to its average volume of 8,012,112. Coupang has a 12 month low of $15.81 and a 12 month high of $26.91. The company has a market cap of $43.58 billion, a price-to-earnings ratio of 42.50, a P/E/G ratio of 52.20 and a beta of 1.11. The firm’s fifty day simple moving average is $23.12 and its 200 day simple moving average is $23.85. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

Several equities research analysts have commented on CPNG shares. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays raised their target price on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.78.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.60% of the company’s stock.

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.