Assenagon Asset Management S.A. Adds $269M in Coupang, Inc. ($CPNG)
Key Points
- Assenagon Asset Management S.A. changed its Coupang, Inc. ($CPNG) stake by 1394.1% last quarter, boosting to 17,117,583 shares worth $287.92 million.
- Wall Street's consensus rating on $CPNG is Buy and an average price target of $26.29.
- $CPNG last traded around $16.82.
Assenagon Asset Management S.A. increased its position in Coupang, Inc. ($CPNG) by 1394.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,117,583 shares of Coupang, Inc. after buying 15,971,942 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Coupang, Inc. were worth $287.92 million as of its most recent filing.
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About Coupang, Inc.
Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products. The Developing Offerings segment offers Eats, a restaurant ordering and delivery service; Play, an online content streaming service; fintech activities; and Farfetch, a luxury fashion marketplace. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, Europe, the United Kingdom, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
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