Coupang (NYSE:CPNG) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Coupang (NYSE:CPNG) from a hold rating to a buy rating in a report issued on Wednesday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $28.50 price target on the stock.

Several other equities analysts have also issued reports on the company. Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays raised their price objective on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Coupang Stock Down 0.1 %

Coupang stock opened at $23.68 on Wednesday. Coupang has a 1-year low of $17.34 and a 1-year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The stock has a market cap of $42.59 billion, a PE ratio of 41.54, a P/E/G ratio of 52.20 and a beta of 1.11. The stock’s fifty day moving average is $23.22 and its two-hundred day moving average is $23.87.

Insider Buying and Selling

In related 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 transaction of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the 4th quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new stake in Coupang in the 3rd quarter valued at approximately $28,000. Berbice Capital Management LLC purchased a new stake in Coupang in the 4th quarter valued at approximately $31,000. Van ECK Associates Corp boosted its holdings in Coupang by 63.1% in the 3rd 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 in the last quarter. Finally, Itau Unibanco Holding S.A. boosted 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 purchasing an additional 1,640 shares in the last quarter. 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.