10,972 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new position in Coupang, Inc. (NYSE:CPNG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,972 shares of the company's stock, valued at approximately $241,000.

Several other institutional investors have also modified their holdings of the business. California State Teachers Retirement System lifted its stake in shares of Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after acquiring an additional 445 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in shares of Coupang by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock worth $975,000 after acquiring an additional 466 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Coupang by 8.6% in the fourth quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock worth $153,000 after acquiring an additional 548 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of Coupang by 1.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company's stock worth $1,097,000 after acquiring an additional 603 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Coupang by 23.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock worth $70,000 after acquiring an additional 606 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a report on Saturday. Barclays boosted their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Coupang currently has an average rating of "Moderate Buy" and an average target price of $30.08.

Insider Activity at Coupang

In other news, CFO Gaurav Anand sold 175,000 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 $37,418,779.56. This trade represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,459,697 shares of company stock valued at $1,067,780,811. 12.78% of the stock is owned by insiders.

Coupang Stock Down 1.2%

Coupang stock traded down $0.37 during midday trading on Friday, hitting $30.08. The stock had a trading volume of 5,237,257 shares, compared to its average volume of 8,336,634. 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 stock has a market cap of $54.61 billion, a P/E ratio of 130.78 and a beta of 1.16. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $30.91. The business has a fifty day moving average price of $28.19 and a 200 day moving average price of $24.67.

Coupang (NYSE:CPNG - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm's revenue was up 11.2% compared to the same quarter last year. Research analysts predict that Coupang, Inc. will post 0.17 EPS for the current 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.