Coupang, Inc. (NYSE:CPNG) is Baillie Gifford & Co.'s 8th Largest Position

Baillie Gifford & Co. trimmed its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,130,037 shares of the company's stock after selling 219,988 shares during the quarter. Coupang accounts for 3.1% of Baillie Gifford & Co.'s portfolio, making the stock its 8th largest position. Baillie Gifford & Co. owned approximately 9.54% of Coupang worth $4,201,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Coupang by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company's stock valued at $1,403,015,000 after buying an additional 18,894,909 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its stake in shares of Coupang by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 8,693,468 shares of the company's stock worth $154,657,000 after purchasing an additional 159,900 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Coupang by 9.6% during the 1st quarter. Bamco Inc. NY now owns 7,942,062 shares of the company's stock worth $141,289,000 after purchasing an additional 693,898 shares during the last quarter. Dorsal Capital Management LP increased its stake in shares of Coupang by 26.3% during the 2nd quarter. Dorsal Capital Management LP now owns 6,000,000 shares of the company's stock worth $125,700,000 after purchasing an additional 1,250,000 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock worth $118,258,000 after purchasing an additional 2,802,325 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the purchase, the director now owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the transaction, the director now owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 13.60% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. CLSA raised shares of Coupang from a "hold" rating to an "outperform" rating and lifted their target price for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.56.

Coupang Trading Up 1.0 %

Shares of NYSE CPNG traded up $0.24 during mid-day trading on Tuesday, hitting $24.34. The stock had a trading volume of 4,113,016 shares, compared to its average volume of 9,751,136. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.13. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.91. The business has a 50 day moving average price of $24.72 and a two-hundred day moving average price of $22.83. The firm has a market cap of $43.66 billion, a P/E ratio of 42.29 and a beta of 1.10.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7.76 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company's quarterly revenue was up 27.2% on a year-over-year basis. On average, equities analysts anticipate that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

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.