Jacobs Levy Equity Management Inc. Has $127.02 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Jacobs Levy Equity Management Inc. increased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 106.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,778,763 shares of the company's stock after buying an additional 2,979,981 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.32% of Coupang worth $127,017,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CPNG. Janus Henderson Group PLC increased its stake in Coupang by 13.8% in the 4th quarter. Janus Henderson Group PLC now owns 39,359 shares of the company's stock valued at $865,000 after buying an additional 4,761 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Coupang during the fourth quarter worth about $863,000. Foxhaven Asset Management LP boosted its position in Coupang by 7.9% during the fourth quarter. Foxhaven Asset Management LP now owns 11,417,962 shares of the company's stock valued at $250,967,000 after purchasing an additional 833,212 shares during the last quarter. Ethic Inc. grew its stake in Coupang by 8.4% in the fourth quarter. Ethic Inc. now owns 96,351 shares of the company's stock valued at $2,118,000 after purchasing an additional 7,445 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Coupang by 25.7% during the 4th quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock worth $1,997,000 after purchasing an additional 18,593 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

NYSE:CPNG opened at $26.00 on Friday. The firm's fifty day moving average price is $22.62 and its two-hundred day moving average price is $23.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a market cap of $46.94 billion, a P/E ratio of 45.61, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.03.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. Coupang's quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on CPNG. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

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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