Baillie Gifford & Co. Trims Stock Position in Coupang, Inc. (NYSE:CPNG)

Baillie Gifford & Co. cut its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,036,432 shares of the company's stock after selling 10,093,605 shares during the quarter. Coupang accounts for 2.7% of Baillie Gifford & Co.'s portfolio, making the stock its 10th largest holding. Baillie Gifford & Co. owned 8.95% of Coupang worth $3,539,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CPNG. Pacer Advisors Inc. lifted its holdings in shares of Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares in the last quarter. Angeles Wealth Management LLC grew its position in shares of Coupang by 0.8% in the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock valued at $1,211,000 after purchasing an additional 459 shares during the last quarter. Ignite Planners LLC grew its position in shares of Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock valued at $452,000 after purchasing an additional 483 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock valued at $32,000 after purchasing an additional 484 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company's stock valued at $159,000 after purchasing an additional 612 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now owns 136,806 shares of the company's stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.60% of the stock is owned by company insiders.

Coupang Price Performance

CPNG traded down $0.41 during midday trading on Thursday, reaching $25.11. 6,830,819 shares of the company's stock were exchanged, compared to its average volume of 7,526,015. The firm has a market capitalization of $45.17 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 52.99 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a one year low of $15.61 and a one year high of $26.91. The business has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $23.75.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CPNG shares. Barclays lifted their target price on Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Citigroup decreased their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and a consensus target price of $27.78.

Coupang 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.