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

Coupang, Inc. (NYSE:CPNG) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $29.06.

Several research firms have issued reports on CPNG. Barclays lifted their price target on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Mizuho lifted their target price on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research note on Wednesday. Finally, Citigroup decreased their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Coupang in the 4th quarter valued at about $404,896,000. Price T Rowe Associates Inc. MD raised its stake in Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock valued at $1,663,594,000 after buying an additional 17,123,637 shares during the period. FMR LLC lifted its position in shares of Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares during the last quarter. Durable Capital Partners LP boosted its stake in shares of Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock worth $629,426,000 after acquiring an additional 3,420,133 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Coupang by 106.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company’s stock worth $127,017,000 after acquiring an additional 2,979,981 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 3.6 %

Shares of NYSE:CPNG opened at $25.05 on Thursday. The firm 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. Coupang has a 12 month low of $16.45 and a 12 month high of $26.91. The company’s fifty day simple moving average is $23.18 and its 200 day simple moving average is $23.87. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

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.