Coupang, Inc. (NYSE:CPNG) Shares Acquired by Flossbach Von Storch AG

Flossbach Von Storch AG lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 150,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Flossbach Von Storch AG’s holdings in Coupang were worth $2,428,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Raymond James & Associates raised its holdings in shares of Coupang by 64.0% in the 1st quarter. Raymond James & Associates now owns 188,859 shares of the company’s stock worth $3,339,000 after purchasing an additional 73,703 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coupang by 140.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,866 shares of the company’s stock worth $18,315,000 after purchasing an additional 605,499 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Coupang by 111.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,878 shares of the company’s stock worth $422,000 after purchasing an additional 12,562 shares during the period. HighTower Advisors LLC raised its holdings in shares of Coupang by 27.0% in the 1st quarter. HighTower Advisors LLC now owns 81,147 shares of the company’s stock worth $1,435,000 after purchasing an additional 17,248 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Coupang by 75.8% in the first quarter. Citigroup Inc. now owns 78,576 shares of the company’s stock valued at $1,389,000 after buying an additional 33,890 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other news, insider Harold Rogers sold 139,080 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the transaction, the insider now owns 394,192 shares of the company’s stock, valued at $7,194,004. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Harold Rogers sold 139,080 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at $7,194,004. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Neil Mehta sold 1,600,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the sale, the director now owns 48,006,135 shares of the company’s stock, valued at approximately $896,754,601.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,355,590 shares of company stock valued at $633,443,979. 14.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPNG has been the topic of several recent research reports. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. UBS Group lowered Coupang from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $18.50 in a research report on Wednesday, December 20th. Barclays boosted their price target on Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, Citigroup raised Coupang from a “neutral” rating to a “buy” rating and upped their target price for the company from $19.00 to $26.00 in a research report on Monday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and an average price target of $22.42.

Coupang Stock Performance

Shares of NYSE CPNG traded down $0.49 during trading on Thursday, reaching $22.14. The stock had a trading volume of 1,486,341 shares, compared to its average volume of 13,230,867. Coupang, Inc. has a one year low of $13.51 and a one year high of $22.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The stock has a market cap of $39.70 billion, a PE ratio of 30.17 and a beta of 1.32. The firm’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $16.73.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. On average, research analysts forecast that Coupang, Inc. will post 0.32 earnings per share for the current fiscal year.

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.