Coupang (NYSE:CPNG) Stock Price Expected to Rise, Mizuho Analyst Says

Coupang (NYSE:CPNG - Get Free Report) had its price objective upped by research analysts at Mizuho from $25.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price objective points to a potential upside of 14.04% from the company's current price.

Several other brokerages have also issued reports on CPNG. Citigroup decreased their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays raised their target price on Coupang from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, 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 research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Coupang Stock Down 0.1 %

NYSE CPNG traded down $0.02 on Wednesday, reaching $23.68. The company had a trading volume of 7,172,408 shares, compared to its average volume of 8,314,078. The stock has a market capitalization of $42.59 billion, a P/E ratio of 41.54, a P/E/G ratio of 52.20 and a beta of 1.11. The company's fifty day moving average is $23.22 and its 200 day moving average is $23.88. Coupang has a 52-week low of $17.34 and a 52-week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the firm's 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 completion of the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang during the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new stake in shares of Coupang during the 3rd quarter valued at about $28,000. Berbice Capital Management LLC bought a new stake in shares of Coupang during the 4th quarter valued at about $31,000. Van ECK Associates Corp raised its holdings in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock valued at $32,000 after buying an additional 484 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after buying an additional 1,640 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

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.