Coupang, Inc. (NYSE:CPNG) Receives $29.17 Consensus PT from Analysts

Coupang, Inc. (NYSE:CPNG) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.17.

Several analysts recently weighed in on CPNG shares. Barclays set a $35.00 price objective on shares of Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho increased their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, 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, February 26th.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of Coupang 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 transaction, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,234 shares of company stock valued at $6,069,015 over the last three months. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the 4th quarter worth about $26,000. Brooklyn Investment Group acquired a new position in Coupang in the 3rd quarter valued at approximately $28,000. Berbice Capital Management LLC purchased a new stake in Coupang in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. lifted its position in Coupang by 520.6% in the 4th 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. Finally, Allworth Financial LP boosted its stake in shares of Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after buying an additional 1,986 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Up 0.7 %

NYSE:CPNG opened at $23.57 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $23.49 and a 200-day moving average of $23.94. The firm has a market capitalization of $42.56 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang has a 52 week low of $17.55 and a 52 week high of $26.91.

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.