Brokerages Set Coupang, Inc. (NYSE:CPNG) Price Target at $29.17

Coupang, Inc. (NYSE:CPNG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.17.

Several analysts recently commented on CPNG shares. Deutsche Bank Aktiengesellschaft raised 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. Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company'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 transaction, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction on 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 trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Coupang by 29.2% in the 4th 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 in the last quarter. FMR LLC grew its position in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after acquiring an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP grew its position in Coupang by 13.6% in the fourth 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 in the last quarter. Dragoneer Investment Group LLC increased its stake in shares of Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. Finally, Dodge & Cox raised its holdings in shares of Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Price Performance

NYSE CPNG traded up $0.90 on Friday, reaching $22.58. The company's stock had a trading volume of 8,081,613 shares, compared to its average volume of 7,852,773. Coupang has a twelve month low of $18.16 and a twelve 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 firm's 50 day moving average is $22.69 and its two-hundred day moving average is $23.53. The stock has a market cap of $40.77 billion, a PE ratio of 39.61, a PEG ratio of 52.20 and a beta of 1.09.

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.