Vontobel Holding Ltd. Invests $241,000 in Coupang, Inc. (NYSE:CPNG)

Vontobel Holding Ltd. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,972 shares of the company's stock, valued at approximately $241,000.

A number of other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Coupang by 20.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 913,789 shares of the company's stock valued at $20,085,000 after acquiring an additional 154,503 shares during the period. Keybank National Association OH purchased a new stake in Coupang during the 4th quarter worth $360,000. Proficio Capital Partners LLC purchased a new stake in Coupang during the 4th quarter worth $854,000. Edgestream Partners L.P. purchased a new stake in Coupang during the 4th quarter worth $1,302,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Coupang by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 250,354 shares of the company's stock valued at $5,503,000 after buying an additional 10,119 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Barclays boosted their target price 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. Finally, Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.08.

Coupang Stock Performance

Shares of NYSE:CPNG traded up $0.10 during trading on Wednesday, hitting $30.09. 7,237,218 shares of the stock were exchanged, compared to its average volume of 8,289,636. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $30.91. The company has a market capitalization of $54.63 billion, a price-to-earnings ratio of 214.93 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. The company's fifty day simple moving average is $27.80 and its 200-day simple moving average is $24.53.

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). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The business's revenue was up 11.2% on a year-over-year basis. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other Coupang news, CFO Gaurav Anand sold 175,000 shares of the company's stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president owned 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their position. 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. Corporate insiders own 12.78% of the company's stock.

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.