Baillie Gifford & Co. Has $3.54 Billion Position in Coupang, Inc. (NYSE:CPNG)

Baillie Gifford & Co. lowered its position in shares of Coupang, Inc. (NYSE:CPNG) by 5.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 161,036,432 shares of the company’s stock after selling 10,093,605 shares during the quarter. Coupang comprises approximately 2.7% of Baillie Gifford & Co.’s investment portfolio, making the stock its 10th largest position. Baillie Gifford & Co. owned about 0.09% of Coupang worth $3,539,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Coupang by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares during the period. Angeles Wealth Management LLC grew its position in Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after purchasing an additional 459 shares during the period. Ignite Planners LLC grew its position in Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after purchasing an additional 483 shares during the period. Van ECK Associates Corp grew its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the period. Finally, Covestor Ltd grew its position in Coupang by 10.4% in the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock worth $159,000 after purchasing an additional 612 shares during the period. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CPNG shares. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.78.

Insiders Place Their Bets

In other Coupang news, 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 value of $194,387.82. Following the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Up 1.2 %

Shares of CPNG stock opened at $25.30 on Monday. The stock has a market cap of $45.50 billion, a P/E ratio of 44.38, a PEG ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a 52 week low of $15.14 and a 52 week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $22.96 and its two-hundred day simple moving average is $23.67.

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.