Coupang, Inc. $CPNG is Gavilan Investment Partners LLC’s 7th Largest Position

Gavilan Investment Partners LLC raised its position in Coupang, Inc. (NYSE:CPNG) by 10.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,395,000 shares of the company’s stock after purchasing an additional 130,000 shares during the period. Coupang accounts for about 7.9% of Gavilan Investment Partners LLC’s portfolio, making the stock its 7th largest position. Gavilan Investment Partners LLC’s holdings in Coupang were worth $32,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPNG. Vanguard Group Inc. increased its holdings in Coupang by 343.5% in the third quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock valued at $920,786,000 after buying an additional 22,147,432 shares in the last quarter. Norges Bank purchased a new position in Coupang in the fourth quarter valued at $498,333,000. Capital International Investors increased its holdings in Coupang by 20.4% in the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after buying an additional 6,977,942 shares in the last quarter. Bank of America Corp DE increased its holdings in Coupang by 198.8% in the third quarter. Bank of America Corp DE now owns 5,510,247 shares of the company’s stock valued at $177,430,000 after buying an additional 3,666,227 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Coupang by 249.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,685,047 shares of the company’s stock valued at $150,859,000 after buying an additional 3,343,171 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CPNG shares. Barclays lifted their price objective on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Citigroup cut shares of Coupang from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.20 in a report on Wednesday, May 6th. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. UBS Group set a $25.00 target price on shares of Coupang in a research note on Thursday, February 19th. Finally, Nomura cut their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.92.

Coupang Stock Down 2.3%

CPNG stock opened at $16.86 on Friday. The stock has a market capitalization of $30.26 billion, a P/E ratio of -187.28 and a beta of 1.12. The firm has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $20.17. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Coupang, Inc. has a 52 week low of $14.92 and a 52 week high of $34.08.

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

Coupang Company Profile

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.