Vontobel Holding Ltd. Sells 3,167 Shares of Coupang, Inc. $CPNG

Vontobel Holding Ltd. lowered its stake in Coupang, Inc. (NYSE:CPNG) by 28.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,805 shares of the company’s stock after selling 3,167 shares during the quarter. Vontobel Holding Ltd.’s holdings in Coupang were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CPNG. Inspirion Wealth Advisors LLC increased its stake in shares of Coupang by 0.3% in the second quarter. Inspirion Wealth Advisors LLC now owns 134,314 shares of the company’s stock valued at $4,024,000 after buying an additional 400 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in Coupang by 1.4% in the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company’s stock valued at $646,000 after acquiring an additional 408 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in Coupang by 4.3% in the second quarter. Baader Bank Aktiengesellschaft now owns 11,248 shares of the company’s stock valued at $323,000 after acquiring an additional 461 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Coupang by 4.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company’s stock valued at $258,000 after acquiring an additional 476 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Coupang by 43.1% in the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In other news, Director Pedro Franceschi sold 21,428 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Gaurav Anand sold 75,350 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $27.79, for a total value of $2,093,976.50. Following the completion of the transaction, the chief financial officer owned 2,016,940 shares in the company, valued at $56,050,762.60. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 988,983 shares of company stock worth $31,203,966. 12.78% of the stock is currently owned by corporate insiders.

Coupang Stock Performance

NYSE CPNG opened at $31.56 on Thursday. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $34.08. The company has a market cap of $57.53 billion, a P/E ratio of 157.79 and a beta of 1.18. The company has a fifty day simple moving average of $30.64 and a 200 day simple moving average of $28.11. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPNG. Arete Research began coverage on shares of Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target on the stock. Wall Street Zen downgraded shares of Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Finally, Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.50.

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.