Coupang, Inc. (NYSE:CPNG) Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE grew its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CPNG. Grove Bank & Trust acquired a new stake in Coupang during the first quarter worth about $33,000. Itau Unibanco Holding S.A. increased its stake in Coupang by 520.6% during the fourth 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 during the last quarter. TD Waterhouse Canada Inc. increased its stake in Coupang by 142.9% during the fourth 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 during the last quarter. Signaturefd LLC increased its stake in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Coupang by 23.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock valued at $70,000 after acquiring an additional 606 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In other news, CFO Gaurav Anand sold 175,000 shares of the company's 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 completion of the transaction, the chief financial officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the transaction, the director directly owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,459,697 shares of company stock worth $1,067,780,811. Corporate insiders own 12.78% of the company's stock.

Coupang Stock Up 1.1%

CPNG traded up $0.33 on Thursday, hitting $30.50. 9,367,722 shares of the company were exchanged, compared to its average volume of 8,327,419. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $30.91. The company has a market cap of $55.37 billion, a price-to-earnings ratio of 217.85 and a beta of 1.16. 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 firm has a 50-day moving average price of $28.07 and a two-hundred day moving average price of $24.62.

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). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The company's revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

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