Jump Financial LLC Buys New Stake in Coupang, Inc. (NYSE:CPNG)

Jump Financial LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 35,166 shares of the company's stock, valued at approximately $773,000.

Other hedge funds also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Coupang during the 4th quarter worth about $26,000. Berbice Capital Management LLC bought a new position in Coupang in the 4th quarter worth approximately $31,000. Allworth Financial LP lifted its holdings in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after buying an additional 1,986 shares during the last quarter. Signaturefd LLC boosted its position in shares of Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after acquiring an additional 822 shares during the period. Finally, Atala Financial Inc acquired a new stake in shares of Coupang in the fourth quarter worth $80,000. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 2.6 %

NYSE CPNG opened at $21.67 on Wednesday. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average is $22.74 and its two-hundred day moving average is $23.54. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 52.20 and a beta of 1.09.

Analyst Ratings Changes

Several equities analysts recently commented on CPNG shares. 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. Barclays set a $35.00 price objective on shares of Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Citigroup decreased their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Insider Activity at Coupang

In related news, 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 transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now directly 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 owned by insiders.

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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