Gavilan Investment Partners LLC Boosts Holdings in Coupang, Inc. (NYSE:CPNG)

Gavilan Investment Partners LLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,115,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. Coupang makes up approximately 6.8% of Gavilan Investment Partners LLC's holdings, making the stock its 7th biggest position. Gavilan Investment Partners LLC owned about 0.06% of Coupang worth $24,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPNG. Assenagon Asset Management S.A. raised its stake in Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock valued at $24,182,000 after purchasing an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC acquired a new stake in Coupang during the 4th quarter worth about $2,618,000. Charles Schwab Investment Management Inc. grew its stake in Coupang by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company's stock valued at $18,640,000 after acquiring an additional 138,416 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new position in shares of Coupang in the 4th quarter valued at about $349,000. 83.72% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Mizuho increased their price objective on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Citigroup reduced their price target on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Barclays set a $35.00 target price on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.17.

Coupang Stock Performance

Shares of CPNG traded up $0.55 during mid-day trading on Friday, hitting $21.55. The company's stock had a trading volume of 3,305,196 shares, compared to its average volume of 8,391,042. Coupang, Inc. has a one year low of $18.16 and a one year high of $26.91. The stock's 50-day moving average is $23.14 and its two-hundred day moving average is $23.71. The firm has a market capitalization of $38.90 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Insider Buying and Selling at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

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.