Flossbach Von Storch SE Raises Stock Position in Coupang, Inc. (NYSE:CPNG)

Flossbach Von Storch SE lifted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,000 shares of the company's stock after buying an additional 15,000 shares during the period. Flossbach Von Storch SE's holdings in Coupang were worth $4,167,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Ninety One UK Ltd boosted its position in Coupang by 51.2% during the 1st quarter. Ninety One UK Ltd now owns 3,190,434 shares of the company's stock valued at $69,966,000 after acquiring an additional 1,079,958 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in Coupang during the 1st quarter valued at approximately $70,000. Cloud Capital Management LLC bought a new stake in shares of Coupang in the 1st quarter worth approximately $93,000. Bank of New York Mellon Corp boosted its position in shares of Coupang by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,941,758 shares of the company's stock worth $64,513,000 after purchasing an additional 111,556 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Coupang by 10.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 30,001 shares of the company's stock worth $658,000 after purchasing an additional 2,737 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CPNG shares. Barclays lifted their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.08.

Insider Activity

In other news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the completion of the sale, the director owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president directly owned 177,106 shares of the company's stock, valued at $4,223,978.10. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. Insiders own 12.78% of the company's stock.

Coupang Trading Up 0.3%

Coupang stock traded up $0.10 during midday trading on Wednesday, reaching $30.09. The stock had a trading volume of 7,237,333 shares, compared to its average volume of 8,289,642. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $30.91. The firm has a market cap of $54.63 billion, a price-to-earnings ratio of 214.93 and a beta of 1.16. The company has a fifty day moving average of $27.80 and a 200 day moving average of $24.53. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's revenue was up 11.2% on a year-over-year basis. On average, analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

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.