Gavilan Investment Partners LLC Has $24.51 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Gavilan Investment Partners LLC lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,115,000 shares of the company’s stock after acquiring an additional 75,000 shares during the quarter. Coupang accounts for about 6.8% of Gavilan Investment Partners LLC’s holdings, making the stock its 7th largest position. Gavilan Investment Partners LLC owned about 0.06% of Coupang worth $24,508,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CPNG. Russell Investments Group Ltd. increased its position in shares of Coupang by 42.7% during the 4th quarter. Russell Investments Group Ltd. now owns 3,006,001 shares of the company’s stock valued at $66,099,000 after purchasing an additional 899,392 shares during the last quarter. Wedbush Securities Inc. bought a new position in Coupang during the fourth quarter valued at about $207,000. Envestnet Asset Management Inc. increased its holdings in Coupang by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,127,750 shares of the company’s stock worth $46,768,000 after buying an additional 15,725 shares during the last quarter. Motley Fool Asset Management LLC raised its position in Coupang by 13.3% in the fourth quarter. Motley Fool Asset Management LLC now owns 81,793 shares of the company’s stock worth $1,798,000 after acquiring an additional 9,603 shares during the period. Finally, Westpac Banking Corp purchased a new position in Coupang in the fourth quarter valued at about $717,000. 83.72% of the stock is currently owned by institutional investors.

Insider Activity at Coupang

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

Coupang Trading Down 6.6 %

NYSE:CPNG opened at $20.05 on Friday. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91. The stock’s fifty day moving average price is $23.46 and its two-hundred day moving average price is $23.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a market cap of $36.19 billion, a P/E ratio of 35.17, a P/E/G ratio of 52.20 and a beta of 1.09.

Analysts Set New Price Targets

CPNG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho increased their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Barclays set a $35.00 target price on Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Citigroup cut their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

About Coupang

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.