Coupang (NYSE:CPNG) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Coupang (NYSE:CPNG) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $28.50 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 17.65% from the stock’s previous close.

Several other research firms also recently commented on CPNG. Barclays upped their price objective on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.61.

Coupang Stock Down 1.6 %

Coupang stock opened at $24.23 on Wednesday. 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 12-month low of $15.81 and a 12-month high of $26.91. The firm’s fifty day moving average is $23.13 and its 200 day moving average is $23.86. The company has a market capitalization of $43.58 billion, a PE ratio of 42.50, a PEG ratio of 52.20 and a beta of 1.11.

Insider Activity

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 transaction of $194,387.82. Following the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning increased its stake in shares of Coupang by 27.6% in the 3rd quarter. Creative Planning now owns 14,407 shares of the company’s stock worth $354,000 after acquiring an additional 3,117 shares in the last quarter. Raymond James & Associates increased its stake in Coupang by 33.8% during the 3rd quarter. Raymond James & Associates now owns 157,963 shares of the company’s stock valued at $3,878,000 after purchasing an additional 39,938 shares in the last quarter. Signaturefd LLC raised its holdings in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Coupang by 7.3% during the third quarter. Private Advisor Group LLC now owns 59,298 shares of the company’s stock valued at $1,456,000 after buying an additional 4,036 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new stake in shares of Coupang during the third quarter valued at approximately $320,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

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.