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 research report released on Wednesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has $28.50 price target on the stock.

CPNG has been the subject of several other reports. Citigroup reduced their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays raised their price target on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.06.

Coupang Stock Up 3.6 %

Coupang stock opened at $25.05 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $23.18 and a two-hundred day moving average of $23.87. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 52.20 and a beta of 1.11. Coupang has a twelve month low of $16.45 and a twelve month high of $26.91.

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 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 of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coupang

Several hedge funds have recently bought and sold shares of CPNG. Wingate Wealth Advisors Inc. purchased a new position in Coupang during the fourth quarter worth $26,000. Brooklyn Investment Group purchased a new position in Coupang during the third quarter worth $28,000. Berbice Capital Management LLC purchased a new position in Coupang during the fourth quarter worth $31,000. Van ECK Associates Corp increased 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 worth $32,000 after buying an additional 484 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after buying an additional 1,640 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other 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.