Gilder Gagnon Howe & Co. LLC Has $304,000 Position in Coupang, Inc. (NYSE:CPNG)

Gilder Gagnon Howe & Co. LLC cut its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 95.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,826 shares of the company's stock after selling 314,800 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Coupang were worth $304,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CPNG. Price T Rowe Associates Inc. MD increased its position in shares of Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. FMR LLC boosted its stake in Coupang by 9.1% during the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares in the last quarter. Dodge & Cox increased its holdings in Coupang by 0.6% in the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after buying an additional 123,900 shares during the period. Norges Bank acquired a new position in shares of Coupang in the 4th quarter valued at $404,896,000. Finally, HMI Capital Management L.P. raised its stake in shares of Coupang by 4.2% in the 4th quarter. HMI Capital Management L.P. now owns 11,662,498 shares of the company's stock valued at $256,342,000 after buying an additional 470,000 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPNG shares. Barclays set a $35.00 target price on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price target on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Coupang has an average rating of "Moderate Buy" and an average target price of $29.17.

Coupang Price Performance

Shares of Coupang stock traded up $0.12 during trading on Thursday, reaching $23.49. The company's stock had a trading volume of 6,483,660 shares, compared to its average volume of 7,751,298. The stock has a 50-day moving average price of $22.51 and a two-hundred day moving average price of $23.45. The stock has a market capitalization of $42.40 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a one year low of $18.16 and a one year high of $26.91.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the company'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 transaction, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% 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.