Coupang, Inc. (NYSE:CPNG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.17.

A number of equities analysts have weighed in on the company. Mizuho boosted their target price on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays set a $35.00 price objective on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th.

Insider Buying and Selling

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This 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 hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 259,234 shares of company stock valued at $6,069,015. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several institutional investors have recently bought and sold shares of CPNG. Brooklyn Investment Group purchased a new position in Coupang during the 3rd quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the 4th quarter valued at approximately $26,000. Berbice Capital Management LLC purchased a new position in shares of Coupang in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. increased its position in Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after purchasing an additional 1,986 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Down 5.1 %

Coupang stock opened at $22.32 on Monday. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 52.20 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang has a 12 month low of $17.67 and a 12 month high of $26.91. The stock has a fifty day simple moving average of $23.52 and a two-hundred day simple moving average of $23.95.

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.