Harel Insurance Investments & Financial Services Ltd. Makes New $989,000 Investment in Coupang, Inc. (NYSE:CPNG)


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Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,000 shares of the company’s stock, valued at approximately $989,000.

A number of other hedge funds have also bought and sold shares of CPNG. Wolfswood Holdings LLC bought a new stake in shares of Coupang in the 1st quarter valued at approximately $21,150,000. Jackson Wealth Management LLC bought a new stake in shares of Coupang in the 1st quarter valued at approximately $10,857,000. Zweig DiMenna Associates LLC bought a new stake in shares of Coupang in the 1st quarter valued at approximately $3,701,000. Diligent Investors LLC bought a new stake in shares of Coupang in the 1st quarter valued at approximately $399,000. Finally, Calamos Advisors LLC bought a new stake in shares of Coupang in the 1st quarter valued at approximately $249,000.

Shares of CPNG stock opened at $42.06 on Tuesday. Coupang, Inc. has a 1 year low of $41.41 and a 1 year high of $69.00. The stock’s fifty day simple moving average is $45.31.

A number of equities research analysts have recently weighed in on the company. Mizuho assumed coverage on Coupang in a report on Monday, April 5th. They issued a “neutral” rating and a $50.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Coupang in a research note on Monday, April 5th. They set a “hold” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. began coverage on Coupang in a research note on Tuesday, April 13th. They set a “neutral” rating and a $48.00 price objective for the company. The Goldman Sachs Group began coverage on Coupang in a research note on Monday, April 5th. They set a “buy” rating and a $62.00 price objective for the company. Finally, Credit Suisse Group began coverage on Coupang in a research note on Tuesday, April 13th. They set a “neutral” rating and a $47.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $50.60.

In other Coupang news, CEO Bom Suk Kim sold 1,200,000 shares of the business’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $35.00, for a total transaction of $42,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,200,000 shares in the company, valued at approximately $42,000,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lydia Jett purchased 28,571 shares of Coupang stock in a transaction on Monday, March 15th. The shares were acquired at an average price of $35.00 per share, with a total value of $999,985.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at approximately $999,985. The disclosure for this purchase can be found here.

About Coupang

Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. 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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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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