Flossbach Von Storch AG Increases Stake in Coupang, Inc. (NYSE:CPNG)

Flossbach Von Storch AG boosted its position in shares of Coupang, Inc. (NYSE:CPNG) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC. 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.

Several other institutional investors also recently bought and sold shares of CPNG. Eagle Bay Advisors LLC purchased a new stake in shares of Coupang during the 2nd quarter valued at about $26,000. Headinvest LLC purchased a new position in shares of Coupang in the third quarter worth approximately $29,000. Altshuler Shaham Ltd purchased a new position in shares of Coupang in the fourth quarter worth approximately $36,000. Comerica Bank bought a new stake in Coupang during the 3rd quarter worth approximately $43,000. Finally, NBC Securities Inc. bought a new stake in Coupang during the 3rd quarter worth approximately $51,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPNG shares. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $26.00 in a report on Monday. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Barclays raised their target price on shares of Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. Finally, UBS Group lowered shares of Coupang from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $26.00 to $18.50 in a research note on Wednesday, December 20th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus target price of $22.42.

Insiders Place Their Bets

In related news, insider Pranam Kolari sold 2,356 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Pranam Kolari sold 2,356 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the completion of the transaction, the insider now directly owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,355,590 shares of company stock worth $633,443,979. 14.90% of the stock is owned by corporate insiders.

Coupang Trading Down 2.2 %

Shares of CPNG traded down $0.49 during trading hours on Thursday, reaching $22.14. 1,486,341 shares of the company traded hands, compared to its average volume of 13,230,867. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $17.92 and its 200 day moving average price is $16.73. The firm has a market cap of $39.70 billion, a price-to-earnings ratio of 30.17 and a beta of 1.32. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $22.89.

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