Coupang (NYSE:CPNG) Price Target Raised to $27.00 at Mizuho

Coupang (NYSE:CPNG) had its price objective hoisted by Mizuho from $25.00 to $27.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Wednesday. Citigroup lowered their price target on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays upped their price objective on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Coupang has an average rating of “Moderate Buy” and an average target price of $29.06.

Coupang Stock Up 3.6 %

Coupang stock opened at $25.05 on Wednesday. Coupang has a 52 week low of $16.45 and a 52 week high of $26.91. The stock has a market cap of $45.06 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 52.20 and a beta of 1.11. The company’s 50-day moving average price is $23.18 and its two-hundred day moving average price is $23.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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 directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.60% of the stock is owned by insiders.

Institutional Trading of Coupang

Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after purchasing an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock valued at $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC acquired a new stake in Coupang in the fourth quarter valued at approximately $2,618,000. Charles Schwab Investment Management Inc. grew its position in Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock worth $18,640,000 after acquiring an additional 138,416 shares in the last quarter. Finally, abrdn plc increased its stake in shares of Coupang by 40.2% during the 3rd quarter. abrdn plc now owns 202,359 shares of the company’s stock worth $4,968,000 after purchasing an additional 58,060 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.