Mizuho Increases Coupang (NYSE:CPNG) Price Target to $27.00

Coupang (NYSE:CPNG) had its price target hoisted by equities researchers at Mizuho from $25.00 to $27.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 13.69% from the stock’s current price.

CPNG has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday. Finally, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Coupang Trading Down 5.0 %

Shares of NYSE:CPNG opened at $23.75 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market capitalization of $42.72 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 52.20 and a beta of 1.11. Coupang has a 52-week low of $17.32 and a 52-week high of $26.91. The company has a 50-day simple moving average of $23.20 and a 200 day simple moving average of $23.87.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coupang

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the fourth quarter worth $26,000. Brooklyn Investment Group acquired a new position in Coupang during the 3rd quarter worth about $28,000. Berbice Capital Management LLC bought a new stake in shares of Coupang in the 4th quarter valued at about $31,000. Van ECK Associates Corp grew its position in shares of 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 buying an additional 484 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Coupang by 520.6% in the fourth 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 during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

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.