Coupang, Inc. (NYSE:CPNG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $29.17.

CPNG has been the topic of a number of recent analyst reports. Barclays set a $35.00 price objective on Coupang and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. 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. Finally, Mizuho upped their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Coupang Price Performance

Shares of NYSE:CPNG opened at $21.38 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang has a 52 week low of $18.16 and a 52 week high of $26.91. The firm has a market cap of $38.59 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. The firm’s fifty day moving average is $22.91 and its 200-day moving average is $23.60.

Insiders Place Their Bets

In other news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in Coupang by 14.1% during the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company’s stock worth $372,000 after purchasing an additional 1,875 shares during the period. Advisory Resource Group lifted its position in shares of Coupang by 1.9% during the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after acquiring an additional 823 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Coupang in the third quarter worth $1,094,000. Tidal Investments LLC purchased a new position in shares of Coupang in the third quarter valued at $5,646,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Coupang by 269.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company’s stock valued at $31,740,000 after purchasing an additional 942,839 shares during the period. Institutional investors own 83.72% of the company’s stock.

About Coupang

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.