Barclays Raises Coupang (NYSE:CPNG) Price Target to $34.00

Coupang (NYSE:CPNG - Get Free Report) had its price objective hoisted by investment analysts at Barclays from $32.00 to $34.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 34.41% from the company's previous close.

Separately, Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.78.

Coupang Stock Performance

NYSE CPNG traded up $0.30 during trading on Wednesday, hitting $25.30. 8,734,027 shares of the company's stock traded hands, compared to its average volume of 5,871,385. The stock has a market capitalization of $45.50 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 43.21 and a beta of 1.11. Coupang has a 12-month low of $15.14 and a 12-month high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The business has a 50 day moving average of $22.96 and a 200-day moving average of $23.63.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the firm's 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 13.60% of the company's stock.

Institutional Investors Weigh In On Coupang

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bienville Capital Management LLC raised its stake in Coupang by 35.7% in the fourth quarter. Bienville Capital Management LLC now owns 1,072,551 shares of the company's stock valued at $23,575,000 after purchasing an additional 281,914 shares in the last quarter. Metavasi Capital LP grew its position in Coupang by 18.3% during the fourth quarter. Metavasi Capital LP now owns 483,912 shares of the company's stock valued at $10,636,000 after acquiring an additional 75,000 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the last quarter. Davidson Kahn Capital Management LLC bought a new position in Coupang during the fourth quarter valued at approximately $1,730,000. Finally, Parvin Asset Management LLC bought a new position in Coupang during the fourth quarter valued at approximately $5,106,000. 83.72% of the stock is owned by hedge funds and other 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.