Vontobel Holding Ltd. acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,972 shares of the company's stock, valued at approximately $241,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPNG. Davidson Kahn Capital Management LLC increased its holdings in Coupang by 31.6% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock worth $2,271,000 after purchasing an additional 24,877 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Coupang by 40.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock valued at $6,776,000 after buying an additional 87,412 shares during the last quarter. Deutsche Bank AG boosted its position in Coupang by 25.7% during the 4th quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock worth $1,997,000 after buying an additional 18,593 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Coupang during the 4th quarter worth approximately $1,394,000. Finally, Vanguard Group Inc. grew its holdings in Coupang by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company's stock worth $117,949,000 after acquiring an additional 54,364 shares during the last quarter. Institutional investors own 83.72% of the company's stock.
Insider Activity
In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president directly owned 177,106 shares in the company, valued at $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the transaction, the insider owned 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. This represents a 8.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. Corporate insiders own 12.78% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CPNG. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Wall Street Zen downgraded Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Coupang presently has an average rating of "Moderate Buy" and an average price target of $30.08.
View Our Latest Analysis on Coupang
Coupang Trading Up 1.1%
NYSE CPNG traded up $0.33 during trading hours on Thursday, hitting $30.50. 9,367,722 shares of the company's stock were exchanged, compared to its average volume of 8,327,419. The firm has a market cap of $55.37 billion, a price-to-earnings ratio of 217.85 and a beta of 1.16. 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 stock has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $24.56.
Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business 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 business's revenue was up 11.2% on a year-over-year basis. On average, equities analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.
About Coupang
(
Free Report)
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.
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