Coupang (NYSE:CPNG) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

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

CPNG has been the topic of several other reports. Citigroup lowered 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 lifted their price target on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Performance

CPNG opened at $23.75 on Wednesday. The company 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. The firm’s fifty day simple moving average is $23.20 and its two-hundred day simple moving average is $23.87. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang has a 52-week low of $17.32 and a 52-week high of $26.91.

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction on 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 approximately $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in Coupang during the third quarter worth about $28,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang in the 4th quarter valued at approximately $26,000. Van ECK Associates Corp increased its holdings in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Coupang during the 4th quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in 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 acquiring an additional 1,640 shares during the last quarter. Hedge funds and other 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.