Coupang, Inc. (NYSE:CPNG – Get Free Report) has earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.79.
A number of research firms have weighed in on CPNG. TheStreet cut shares of Coupang from a “c-” rating to a “d+” rating in a research note on Wednesday, November 8th. Citigroup cut shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Finally, UBS Group cut shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $18.50 in a research note on Wednesday, December 20th.
Insider Buying and Selling
Hedge Funds Weigh In On Coupang
Several institutional investors have recently made changes to their positions in the stock. Alberta Investment Management Corp raised its holdings in shares of Coupang by 1.0% during the fourth quarter. Alberta Investment Management Corp now owns 345,506 shares of the company’s stock valued at $5,594,000 after purchasing an additional 3,308 shares during the period. GM Advisory Group LLC acquired a new stake in shares of Coupang in the 4th quarter worth about $241,000. Cloverfields Capital Group LP raised its holdings in shares of Coupang by 78.2% in the 4th quarter. Cloverfields Capital Group LP now owns 114,909 shares of the company’s stock worth $1,860,000 after acquiring an additional 50,428 shares during the last quarter. Capstone Investment Advisors LLC raised its holdings in shares of Coupang by 755.1% in the 4th quarter. Capstone Investment Advisors LLC now owns 109,760 shares of the company’s stock worth $1,777,000 after acquiring an additional 96,924 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Coupang by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 498,125 shares of the company’s stock worth $8,065,000 after acquiring an additional 4,810 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.
Coupang Stock Up 3.7 %
Shares of CPNG opened at $15.00 on Friday. Coupang has a one year low of $12.66 and a one year high of $19.99. The company has a market cap of $26.82 billion, a P/E ratio of 62.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $15.47 and a two-hundred day simple moving average of $16.77.
Coupang, Inc, together with its subsidiaries owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. The company operates through two segments, Product Commerce and Developing Offerings. 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.
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