Barclays Boosts Coupang (NYSE:CPNG) Price Target to $32.00

Coupang (NYSE:CPNG - Free Report) had its target price lifted by Barclays from $25.00 to $32.00 in a report released on Thursday, Benzinga reports. Barclays currently has an overweight rating on the stock.

CPNG has been the topic of several other research reports. Citigroup increased their target price on Coupang from $26.00 to $28.00 and gave the stock a buy rating in a research note on Wednesday. Bank of America started coverage on shares of Coupang in a research report on Friday, May 3rd. They issued a buy rating and a $30.00 price objective on the stock. Mizuho lifted their price objective on shares of Coupang from $20.00 to $23.00 and gave the stock a neutral rating in a research report on Wednesday. TheStreet raised Coupang from a d+ rating to a c- rating in a report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a hold rating to a buy rating and raised their target price for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $25.42.

Coupang Trading Up 2.6 %

Shares of CPNG stock traded up $0.55 on Thursday, hitting $22.01. 12,553,606 shares of the stock traded hands, compared to its average volume of 13,412,961. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The firm's 50-day moving average price is $19.97 and its two-hundred day moving average price is $17.27. Coupang has a twelve month low of $13.51 and a twelve month high of $23.77. The stock has a market capitalization of $39.47 billion, a PE ratio of 29.60, a PEG ratio of 19.21 and a beta of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $6.95 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. Coupang's revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. As a group, analysts anticipate that Coupang will post 0.35 EPS for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, insider Pranam Kolari sold 2,048 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the transaction, the insider now owns 187,951 shares in the company, valued at $4,198,825.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Coupang news, insider Pranam Kolari sold 2,048 shares of the company's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now owns 187,951 shares of the company's stock, valued at $4,198,825.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares of the company's stock, valued at $6,929,948,343.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,355,282 shares of company stock valued at $633,457,030. 14.90% of the stock is owned by corporate insiders.

Institutional Trading of Coupang

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in Coupang by 135.8% during the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company's stock worth $26,000 after acquiring an additional 827 shares during the last quarter. Headinvest LLC acquired a new position in Coupang during the third quarter valued at approximately $29,000. Register Financial Advisors LLC purchased a new stake in Coupang during the first quarter worth approximately $50,000. NBC Securities Inc. acquired a new stake in shares of Coupang in the third quarter worth $51,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Coupang by 27.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company's stock valued at $138,000 after acquiring an additional 1,821 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.