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

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust bought a new stake in Coupang during the 1st quarter worth about $33,000. Itau Unibanco Holding S.A. boosted its position in shares of Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after acquiring an additional 1,640 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares in the last quarter. Signaturefd LLC boosted its position in Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after buying an additional 822 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Coupang by 23.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock valued at $70,000 after buying an additional 606 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction 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 transaction, the director owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This trade represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gaurav Anand sold 175,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the transaction, the chief financial officer directly owned 2,092,290 shares in the company, valued at approximately $58,814,271.90. This represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. Company insiders own 12.78% of the company's stock.

Coupang Stock Performance

Shares of CPNG stock traded down $0.37 during trading on Friday, reaching $30.08. 5,237,257 shares of the company's stock traded hands, compared to its average volume of 8,315,110. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $30.91. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $54.61 billion, a P/E ratio of 214.86 and a beta of 1.16. The firm's 50-day moving average is $28.07 and its 200 day moving average is $24.62.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm 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 company's revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.08.

Coupang 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.