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

Coupang (NYSE:CPNG) had its price target lifted by Mizuho from $25.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

CPNG has been the subject of several other reports. Barclays upped their target price on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. 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 report on Wednesday. Finally, Citigroup lowered 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Coupang Stock Down 0.1 %

Shares of NYSE:CPNG opened at $23.68 on Wednesday. Coupang has a 52-week low of $17.34 and a 52-week high of $26.91. The firm has a fifty day moving average of $23.22 and a 200 day moving average of $23.87. The firm has a market capitalization of $42.59 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 52.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several hedge funds and other institutional investors have recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the fourth quarter valued at about $26,000. Brooklyn Investment Group bought a new position in shares of Coupang during the third quarter valued at about $28,000. Berbice Capital Management LLC bought a new position in Coupang in the fourth quarter worth about $31,000. Van ECK Associates Corp raised its stake in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake 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 buying an additional 1,640 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

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.