<div id="readability-page-1"><p><span>Coupang (NYSE:CPNG - Get Free Report)</span> had its price target lowered by equities research analysts at Nomura  from $38.00 to $30.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a &#34;buy&#34; rating on the stock. Nomura's price target indicates a potential upside of 30.67% from the stock's previous close.</p><ul><li>Is Coupang the Next MercadoLibre? A Playbook for Global Dominance</li></ul><p>Several other equities analysts have also weighed in on CPNG. Arete Research started coverage on Coupang in a research note on Thursday, September 18th. They issued a &#34;buy&#34; rating and a $40.00 price target for the company. Mizuho boosted their price objective on Coupang from $30.00 to $32.00 and gave the company a &#34;neutral&#34; rating in a research report on Thursday, November 6th. Morgan Stanley  reiterated an &#34;overweight&#34; rating and set a $31.00 target price on shares of Coupang in a research report on Sunday. Zacks Research raised shares of Coupang from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, November 4th. Finally, Bank of America lifted their target price on shares of Coupang from $36.00 to $38.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, November 5th. One research analyst  has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned  a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $33.25.</p><p><b>Get Our Latest Stock Analysis on Coupang</b></p><h2>Coupang Price Performance</h2><ul><li>The Future of Innovation: 3 Tech Stocks to Watch</li></ul><p>Shares of NYSE CPNG opened at $22.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The firm's 50 day simple moving average is $29.08 and its 200-day simple moving average is $29.66. Coupang has a 12 month low of $19.02 and a 12 month high of $34.08. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of 109.73 and a beta of 1.18. </p><p>Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The firm's quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share.  Analysts expect that  Coupang will post 0.17 EPS for the current year. </p><h2>Insider Transactions at Coupang</h2><ul><li>Coupang Stock And Why You Should Care </li></ul><p>In other news, VP Pranam Kolari sold 11,653 shares of the company's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $31.98, for a total transaction of $372,662.94. Following the completion of the sale, the vice president owned 147,023 shares of the company's stock, valued at $4,701,795.54. This represents a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. 12.78% of the stock is currently owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dodge &amp; Cox increased its holdings in shares of  Coupang by 0.7% in the third quarter. Dodge &amp; Cox now owns 46,947,720 shares of the company's stock valued at $1,511,717,000 after purchasing an additional 333,200 shares during the last quarter.  Capital International Investors increased its stake in shares of  Coupang by 7.6% in the 3rd quarter. Capital International Investors now owns 34,153,094 shares of the company's stock worth $1,099,792,000 after acquiring an additional 2,421,089 shares during the last quarter.  Vanguard Group Inc. raised its holdings in shares of  Coupang by 343.5% during the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company's stock worth $920,786,000 after acquiring an additional 22,147,432 shares during the period.  Durable Capital Partners LP boosted its position in shares of  Coupang by 0.4% during the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company's stock valued at $799,629,000 after acquiring an additional 89,207 shares during the last quarter.  Finally, Norges Bank purchased a new stake in shares of  Coupang in the second quarter valued at about $587,186,000. 83.72% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Coupang Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Coupang</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>3 Tech Stocks Down Over 60%—Which One Is Worth Buying?</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>25 Years Later, Cisco Finally Recovers From the Dot-Com Crash</li><li>What is a buyback in stocks? A comprehensive guide for investors</li><li>AI Chips Can’t Exist Without These 2 Underrated Tech Giants</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNQTkc?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNQTkc"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Coupang Right Now?</h2><p>Before you consider Coupang, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coupang wasn't on the list.</p><p>While Coupang currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CPNG

<p>Nomura lowered Coupang's price target from $38.00 to $30.00, maintaining a "buy" rating. Other analysts have varied ratings, with a consensus target price of $33.25. Coupang's stock opened at $22.96, with a market cap of $41.94 billion. Recent insider transactions and institutional investments are noted, with 83.72% of the stock owned by institutions.</p>

Coupang (NYSE:CPNG) Price Target Lowered to $30.00 at Nomura