Coupang, Inc. (NYSE:CPNG) Given Consensus Rating of "Moderate Buy" by Brokerages

Coupang, Inc. (NYSE:CPNG - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.17.

A number of analysts have weighed in on CPNG shares. Barclays set a $35.00 target price on shares of Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Citigroup cut their target price 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. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. Finally, Mizuho raised their price target on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business'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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares of the company's stock, valued at approximately $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 sold 259,234 shares of company stock valued at $6,069,015 in the last three months. 13.60% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Coupang

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

Coupang Stock Performance

CPNG traded down $0.23 during trading hours on Monday, hitting $23.37. 2,426,380 shares of the stock were exchanged, compared to its average volume of 8,314,093. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The stock has a 50-day simple moving average of $23.44 and a 200-day simple moving average of $23.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang has a 12 month low of $17.34 and a 12 month high of $26.91.

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.