Davidson Kahn Capital Management LLC Has $2.27 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Davidson Kahn Capital Management LLC grew its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 31.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,567 shares of the company's stock after buying an additional 24,877 shares during the period. Coupang makes up 1.7% of Davidson Kahn Capital Management LLC's portfolio, making the stock its 22nd largest position. Davidson Kahn Capital Management LLC's holdings in Coupang were worth $2,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust acquired a new position in shares of Coupang in the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. increased its stake in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after purchasing an additional 1,640 shares in the last quarter. Allworth Financial LP increased its stake in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after purchasing an additional 1,986 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after purchasing an additional 822 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPNG. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a research note on Saturday. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Finally, Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.64.

Insiders Place Their Bets

In other news, Director Benjamin Sun sold 200,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total value of $5,672,000.00. Following the completion of the sale, the director now owns 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,459,697 shares of company stock valued at $1,067,780,811 over the last ninety days. 12.78% of the stock is currently owned by company insiders.

Coupang Trading Down 0.6%

NYSE CPNG opened at $28.37 on Tuesday. The company has a market cap of $51.51 billion, a PE ratio of 202.64 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $29.12. The stock has a 50 day moving average of $26.11 and a 200-day moving average of $24.04.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Coupang 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.

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