Coupang, Inc. $CPNG is Gavilan Investment Partners LLC’s 4th Largest Position

Gavilan Investment Partners LLC boosted its stake in Coupang, Inc. (NYSE:CPNG) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,265,000 shares of the company’s stock after acquiring an additional 110,000 shares during the period. Coupang accounts for approximately 9.1% of Gavilan Investment Partners LLC’s holdings, making the stock its 4th biggest holding. Gavilan Investment Partners LLC owned 0.07% of Coupang worth $40,733,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Coupang by 343.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock worth $920,786,000 after purchasing an additional 22,147,432 shares during the period. Norges Bank purchased a new position in shares of Coupang during the second quarter valued at about $587,186,000. Eminence Capital LP bought a new position in Coupang in the second quarter worth about $204,840,000. Dodge & Cox raised its stake in Coupang by 14.3% in the second quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock worth $1,396,571,000 after buying an additional 5,829,600 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Coupang by 115.9% in the second quarter. Marshall Wace LLP now owns 6,360,239 shares of the company’s stock worth $190,553,000 after buying an additional 3,414,359 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of Coupang stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.78% of the stock is currently owned by company insiders.

Coupang Price Performance

Shares of CPNG opened at $19.08 on Monday. Coupang, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $34.08. The firm’s 50-day simple moving average is $20.09 and its two-hundred day simple moving average is $26.06. The stock has a market cap of $34.85 billion, a PE ratio of 159.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04.

Coupang (NYSE:CPNG) last released its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. Coupang’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. Analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 16th. Barclays raised their target price on Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Mizuho reduced their price target on Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Nomura reduced their price target on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Coupang currently has an average rating of “Hold” and an average price target of $26.70.

Coupang Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.