Coupang, Inc. $CPNG Position Raised by Gavilan Investment Partners LLC

Gavilan Investment Partners LLC grew its position in Coupang, Inc. (NYSE:CPNG) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,465,000 shares of the company’s stock after purchasing an additional 70,000 shares during the quarter. Coupang makes up 7.4% of Gavilan Investment Partners LLC’s investment portfolio, making the stock its 5th largest position. Gavilan Investment Partners LLC’s holdings in Coupang were worth $27,659,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Coupang in the fourth quarter valued at $498,333,000. Assenagon Asset Management S.A. lifted its holdings in Coupang by 1,394.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 17,117,583 shares of the company’s stock worth $323,180,000 after buying an additional 15,971,942 shares during the last quarter. Tiger Global Management LLC boosted its position in shares of Coupang by 65.9% during the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock worth $619,645,000 after acquiring an additional 10,429,680 shares in the last quarter. Capital International Investors boosted its position in shares of Coupang by 20.4% during the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after acquiring an additional 6,977,942 shares in the last quarter. Finally, Dragoneer Investment Group LLC increased its holdings in shares of Coupang by 47.1% in the 4th quarter. Dragoneer Investment Group LLC now owns 21,576,556 shares of the company’s stock valued at $508,991,000 after acquiring an additional 6,910,865 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Performance

Shares of CPNG stock opened at $15.64 on Friday. The stock has a market capitalization of $28.07 billion, a PE ratio of -173.73 and a beta of 1.11. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08. The stock’s 50-day moving average price is $16.99 and its 200 day moving average price is $18.60. 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 (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Coupang, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America cut their target price on Coupang from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.20 in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $31.00 price objective on shares of Coupang in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.02.

Coupang 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.