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

Flossbach Von Storch SE boosted its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,000 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. Flossbach Von Storch SE's holdings in Coupang were worth $4,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Davidson Kahn Capital Management LLC increased its stake in Coupang by 31.6% in the first quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock valued at $2,271,000 after acquiring an additional 24,877 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Coupang by 40.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock valued at $6,776,000 after acquiring an additional 87,412 shares during the last quarter. Deutsche Bank AG boosted its position in Coupang by 25.7% during the fourth quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock valued at $1,997,000 after buying an additional 18,593 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Coupang during the first quarter valued at about $241,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Coupang during the fourth quarter valued at about $1,394,000. Institutional investors own 83.72% of the company's stock.

Coupang Trading Down 1.2%

Shares of Coupang stock traded down $0.37 during trading on Friday, reaching $30.08. 5,237,257 shares of the stock were exchanged, compared to its average volume of 8,336,634. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average is $28.19 and its 200 day moving average is $24.68. The firm has a market cap of $54.61 billion, a price-to-earnings ratio of 214.86 and a beta of 1.16. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $30.91.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $7.91 billion for 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 quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the sale, the vice president directly owned 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gaurav Anand sold 175,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the sale, the chief financial officer owned 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,459,697 shares of company stock valued at $1,067,780,811 in the last quarter. 12.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPNG has been the topic of a number of recent research reports. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barclays raised their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

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.