Dodge & Cox 13F: Adds $412M to Coupang (CPNG) Stake

Dodge & Cox has significantly increased its stake in Coupang, Inc. (NYSE: CPNG). According to its latest 13F filing with the SEC, the investment firm added 22,774,800 shares, boosting its holdings by 46.3% to a total of 72,008,120 shares. This position is valued at approximately $1.29 billion as of the reporting period.

What Changed in Dodge & Cox's Coupang Position

Dodge & Cox's decision to increase its Coupang position reflects a substantial addition. Previously holding 49,233,320 shares, the firm now holds 72,008,120 shares, marking a 46.3% increase. This move underscores the firm's growing interest in the company, with the total value of its holdings reaching around $1.29 billion.

Other Institutional Activity in Coupang

Other major players have also been active in Coupang. SB Investment Advisers maintained its large position with 289,542,259 shares worth $5.47 billion. Baillie Gifford & Co reduced its stake by 25,465,852 shares, ending with 120,656,242 shares valued at $2.28 billion. BlackRock, Inc. added 1,019,186 shares, bringing its total to 64,884,278 shares worth $1.23 billion. Meanwhile, Morgan Stanley trimmed its position by 2,714,920 shares to 56,145,303 shares, valued at $1.06 billion. Capital International Investors increased its holdings by 3,178,071 shares, now holding 44,309,107 shares worth about $836.4 million.

Coupang, Inc. Stock Up 25.5%

Shares of Coupang, Inc. (NYSE: CPNG) are trading near $17.89. The company boasts a market capitalization of about $32.37 billion. Its forward P/E ratio stands at 61.8, and it has a beta of 1.122, indicating moderate volatility compared to the market. The stock's 52-week range has seen lows of $14.92 and highs of $34.08. The 50-day moving average is $18.05, while the 200-day moving average is $23.36.

Recent Earnings

Coupang reported revenues of approximately $35.13 billion, with a growth rate of 7.5%. Despite this, the company is not currently profitable, posting a net margin of -0.47% and a return on equity of -3.99%. The next earnings report is expected on August 4, 2026.

Insider Buying and Selling at Coupang, Inc.

Recent insider activity at Coupang shows several purchases. On June 11, 2026, insiders including Benjamin Sun, Ambereen Toubassy, Pedro Franceschi, Neil Mehta, Jason Child, and Asha Sharma bought shares, though the average purchase price and total value were not disclosed.

Analysts Set New Price Targets

On June 15, 2026, CLSA initiated coverage on Coupang with a 'buy' rating and a $24 price target. Earlier, on May 6, 2026, Citigroup downgraded the stock to 'hold' with a $22.2 target. Barclays has maintained a 'buy' rating with a target of $30 as of April 23, 2026. Analysts generally rate the stock as a 'buy' with a mean target price of $26.17 across 18 opinions.

About Coupang, Inc.

Coupang, Inc. is a major player in the internet retail industry, primarily operating in South Korea. The company offers a variety of services through its mobile apps and websites, including retail and marketplace offerings, fresh grocery delivery, and advertising products. Coupang also operates in other sectors such as restaurant ordering and delivery, online content streaming, and fintech. Headquartered in Seattle, Washington, the company is led by CEO Bom Kim and employs around 108,000 people.

Bottom Line

Dodge & Cox's increased stake in Coupang suggests confidence in the company's potential. However, investors should note that 13F filings reflect past positions and may not indicate current holdings. Coupang's diverse offerings and strategic expansions make it a company to watch, though its profitability challenges remain a consideration.