Coupang, Inc. (NYSE:CPNG) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. sold 5,777,873 shares of Coupang, Inc., reducing its stake by 3.6% and retaining 155,258,559 shares, which represent 3.0% of their total holdings.
• Insiders have recently sold a total of 40,459,697 shares of Coupang stock, valued at over $1 billion, with approximately 12.78% of the stock now owned by company insiders.
• Coupang's annual revenue increased by 11.2% year-over-year to $7.91 billion, though it missed analysts' expected revenue of $8.02 billion for the quarter.

Baillie Gifford & Co. lessened its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,258,559 shares of the company's stock after selling 5,777,873 shares during the period. Coupang comprises 3.0% of Baillie Gifford & Co.'s holdings, making the stock its 9th largest position. Baillie Gifford & Co. owned approximately 8.60% of Coupang worth $3,404,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. FMR LLC increased its holdings in Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after purchasing an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP increased its holdings in Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares in the last quarter. Dragoneer Investment Group LLC increased its holdings in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after purchasing an additional 1,690,826 shares in the last quarter. Finally, Dodge & Cox increased its holdings in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock worth $444,640,000 after purchasing an additional 123,900 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Stock Up 0.4%

Shares of NYSE CPNG traded up $0.12 during mid-day trading on Friday, hitting $30.26. The company had a trading volume of 6,157,796 shares, compared to its average volume of 10,116,959. Coupang, Inc. has a one year low of $18.16 and a one year high of $31.65. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $54.93 billion, a PE ratio of 216.11 and a beta of 1.16. The firm has a 50-day simple moving average of $29.17 and a two-hundred day simple moving average of $25.27.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The company's quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of research reports. Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Insider Buying and Selling at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of Coupang stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average price of $26.78 per share, for a total transaction of $20,085,000.00. Following the completion of the acquisition, the director owned 54,481,161 shares of the company's stock, valued at approximately $1,459,005,491.58. This trade represents a 1.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the transaction, the insider owned 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. The trade was a 8.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,459,697 shares of company stock valued at $1,067,780,811 in the last three months. Corporate insiders own 12.78% of the company's stock.

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.