TFJ Management LLC Takes $17.16 Million Position in Coupang, Inc. (NYSE:CPNG)

TFJ Management LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 780,600 shares of the company's stock, valued at approximately $17,158,000. Coupang makes up about 15.5% of TFJ Management LLC's investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors have also recently made changes to their positions in CPNG. Wingate Wealth Advisors Inc. bought a new stake in Coupang during the 4th quarter valued at $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang during the fourth quarter worth about $31,000. Allworth Financial LP raised its holdings in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares during the last quarter. Signaturefd LLC lifted its position in Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after acquiring an additional 822 shares in the last quarter. Finally, Atala Financial Inc acquired a new position in Coupang during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Analysts Set New Price Targets

CPNG has been the subject of several analyst reports. Barclays set a $35.00 price objective on Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Finally, 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 report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Coupang currently has a consensus rating of "Moderate Buy" and an average target price of $29.17.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were 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 owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Performance

CPNG stock traded up $0.70 during mid-day trading on Thursday, hitting $23.27. The company had a trading volume of 8,460,785 shares, compared to its average volume of 7,855,197. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market cap of $42.01 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The stock's fifty day moving average price is $22.69 and its two-hundred day moving average price is $23.53.

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.