Barclays Increases Coupang (NYSE:CPNG) Price Target to $34.00

Coupang (NYSE:CPNG) had its target price increased by stock analysts at Barclays from $32.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 42.59% from the company’s current price.

Separately, Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Coupang Trading Up 0.4 %

NYSE:CPNG opened at $23.85 on Wednesday. The firm’s 50 day moving average is $22.92 and its 200 day moving average is $23.58. Coupang has a 12 month low of $14.48 and a 12 month high of $26.91. The stock has a market capitalization of $42.89 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the business’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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

Hedge funds have recently bought and sold shares of the stock. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang in the 4th quarter worth $26,000. Brooklyn Investment Group purchased a new position in Coupang in the third quarter worth $28,000. Asset Dedication LLC increased its stake in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after acquiring an additional 990 shares during the last quarter. Berbice Capital Management LLC bought a new position in Coupang in the fourth quarter valued at $31,000. Finally, Van ECK Associates Corp raised 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 in the last quarter. 83.72% of the stock is currently owned by institutional investors.

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.