Gilder Gagnon Howe & Co. LLC Sells 314,800 Shares of Coupang, Inc. (NYSE:CPNG)

Gilder Gagnon Howe & Co. LLC lowered its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 95.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,826 shares of the company's stock after selling 314,800 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in Coupang were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CPNG. Assenagon Asset Management S.A. raised its holdings in shares of Coupang by 85.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock worth $24,182,000 after acquiring an additional 506,622 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after purchasing an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC bought a new position in shares of Coupang in the fourth quarter valued at approximately $2,618,000. New York Life Investment Management LLC bought a new position in shares of Coupang in the fourth quarter valued at approximately $349,000. Finally, Ninety One UK Ltd purchased a new position in shares of Coupang during the fourth quarter valued at approximately $46,388,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CPNG shares. Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Finally, Citigroup dropped their target price on shares of 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 given 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 a consensus target price of $29.17.

Insiders Place Their Bets

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

Coupang Trading Up 0.9 %

Shares of CPNG stock opened at $23.44 on Monday. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $22.61 and a 200-day moving average of $23.47. The firm has a market cap of $42.32 billion, a P/E ratio of 41.12, a PEG ratio of 52.20 and a beta of 1.09.

Coupang Company 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.

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