Coupang (NYSE:CPNG) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Coupang (NYSE:CPNG) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $28.50 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 20.01% from the company’s previous close.

Several other equities analysts have also issued reports on CPNG. Barclays lifted their price target on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Coupang Stock Performance

CPNG stock opened at $23.75 on Wednesday. The firm has a 50-day simple moving average of $23.20 and a two-hundred day simple moving average of $23.87. 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 one year low of $17.32 and a one year high of $26.91. The firm has a market cap of $42.72 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 52.20 and a beta of 1.11.

Insiders Place Their Bets

In other 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 directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coupang

Large investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Coupang during the 3rd quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang during the fourth quarter worth $26,000. Van ECK Associates Corp lifted its position in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares during the period. Berbice Capital Management LLC purchased a new stake in Coupang in the fourth quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. grew its position in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after purchasing an additional 1,640 shares during the period. Hedge funds and other 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.