Jump Financial LLC Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Jump Financial LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,166 shares of the company's stock, valued at approximately $773,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in shares of Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock worth $24,182,000 after acquiring an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Coupang by 23.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Coupang during the 4th quarter worth approximately $2,618,000. New York Life Investment Management LLC purchased a new stake in shares of Coupang during the 4th quarter worth approximately $349,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Coupang during the 4th quarter worth approximately $46,388,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

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

Coupang Trading Down 0.1 %

NYSE:CPNG traded down $0.02 during mid-day trading on Monday, reaching $23.42. The company's stock had a trading volume of 4,456,227 shares, compared to its average volume of 7,807,583. The company's fifty day simple moving average is $22.57 and its two-hundred day simple moving average is $23.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $26.91. The stock has a market cap of $42.28 billion, a P/E ratio of 41.09, a P/E/G ratio of 52.20 and a beta of 1.09.

Insider Activity

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

About Coupang

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.