Vontobel Holding Ltd. Has $651,000 Stock Position in Coupang, Inc. (NYSE:CPNG)

Vontobel Holding Ltd. boosted its position in Coupang, Inc. (NYSE:CPNG) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,185 shares of the company’s stock after acquiring an additional 6,195 shares during the period. Vontobel Holding Ltd.’s holdings in Coupang were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CPNG. Headinvest LLC bought a new stake in Coupang during the third quarter worth $29,000. NBC Securities Inc. purchased a new position in Coupang during the third quarter worth about $51,000. Deuterium Capital Management LLC purchased a new position in Coupang during the third quarter worth about $170,000. Orion Portfolio Solutions LLC bought a new position in shares of Coupang in the third quarter valued at approximately $172,000. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of Coupang during the third quarter valued at approximately $173,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

NYSE CPNG opened at $22.46 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market cap of $40.28 billion, a PE ratio of 29.95 and a beta of 1.32. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $22.89. The firm’s 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $16.84.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the prior year, the company posted $0.06 EPS. Coupang’s revenue was up 23.2% compared to the same quarter last year. Research analysts predict that Coupang, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Barclays lifted their price objective on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and increased their target price for the company from $19.00 to $26.00 in a research report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.42.

Insider Activity

In related news, insider Pranam Kolari sold 2,356 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $13.88, for a total transaction of $32,701.28. Following the sale, the insider now 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 other Coupang news, insider Harold Rogers sold 139,080 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 394,192 shares in the company, valued at approximately $7,194,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pranam Kolari sold 2,356 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 182,844 shares in the company, valued at approximately $2,537,874.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,355,590 shares of company stock worth $633,443,979. 14.90% of the stock is owned by corporate insiders.

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.