Coupang, Inc. $CPNG Shares Bought by Gavilan Investment Partners LLC

Gavilan Investment Partners LLC raised its position in Coupang, Inc. (NYSE:CPNG) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,395,000 shares of the company’s stock after acquiring an additional 130,000 shares during the period. Coupang makes up approximately 7.9% of Gavilan Investment Partners LLC’s holdings, making the stock its 7th biggest holding. Gavilan Investment Partners LLC owned 0.08% of Coupang worth $32,908,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Coupang by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock valued at $697,029,000 after acquiring an additional 951,812 shares in the last quarter. Long Walk Management LP boosted its stake in Coupang by 16.4% in the third quarter. Long Walk Management LP now owns 2,935,000 shares of the company’s stock valued at $94,507,000 after acquiring an additional 413,375 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Coupang by 112.5% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 218,000 shares of the company’s stock valued at $7,020,000 after acquiring an additional 115,426 shares in the last quarter. Ethic Inc. boosted its stake in Coupang by 383.2% in the fourth quarter. Ethic Inc. now owns 126,154 shares of the company’s stock valued at $2,976,000 after acquiring an additional 100,047 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Coupang by 114.6% in the third quarter. William Blair Investment Management LLC now owns 2,205,332 shares of the company’s stock valued at $71,012,000 after acquiring an additional 1,177,875 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 2.3%

Shares of Coupang stock opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76. The firm has a fifty day moving average price of $18.01 and a 200 day moving average price of $20.17. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08. The stock has a market cap of $30.26 billion, a PE ratio of -187.28 and a beta of 1.12.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same period last year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts predict that Coupang, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

CPNG has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Barclays raised their target price on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Finally, Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.92.

About Coupang

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.