Flossbach Von Storch SE Raises Position in Coupang, Inc. (NYSE:CPNG)

Flossbach Von Storch SE lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 175,000 shares of the company's stock after acquiring an additional 15,000 shares during the period. Flossbach Von Storch SE's holdings in Coupang were worth $3,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after acquiring an additional 6,584,910 shares during the period. State Street Corp increased its holdings in shares of Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company's stock valued at $346,783,000 after purchasing an additional 259,400 shares during the period. Wellington Management Group LLP raised its stake in shares of Coupang by 43.2% in the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the period. Finally, Geode Capital Management LLC boosted its position in Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after buying an additional 29,164 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup reduced their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays increased their price objective on shares of Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.78.

Coupang Stock Performance

NYSE CPNG traded down $0.34 during mid-day trading on Friday, reaching $24.80. 7,699,497 shares of the stock were exchanged, compared to its average volume of 7,530,991. The company has a market capitalization of $44.60 billion, a P/E ratio of 43.50, a P/E/G ratio of 53.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The business's 50 day moving average is $23.10 and its 200-day moving average is $23.79. Coupang, Inc. has a 1 year low of $15.81 and a 1 year high of $26.91.

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.