Coupang Sees Unusually High Options Volume (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) saw unusually large options trading on Friday. Investors purchased 39,524 call options on the stock. This represents an increase of 196% compared to the average daily volume of 13,362 call options.

Analyst Ratings Changes

CPNG has been the topic of a number of research reports. Citigroup lowered Coupang from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Barclays boosted their price objective on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. UBS Group lowered Coupang from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $18.50 in a report on Wednesday, December 20th. Finally, TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.92.

Insiders Place Their Bets

In related news, insider Harold Rogers sold 139,080 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the transaction, the insider now directly owns 394,192 shares in the company, valued at $7,194,004. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares of the company’s stock, valued at $7,194,004. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Neil Mehta sold 1,600,000 shares of Coupang stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $18.68, for a total value of $29,888,000.00. Following the sale, the director now directly owns 48,006,135 shares of the company’s stock, valued at $896,754,601.80. The disclosure for this sale can be found here. Insiders sold 33,355,590 shares of company stock worth $633,443,979 over the last ninety days. 14.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coupang

A number of institutional investors have recently made changes to their positions in the company. Ignite Planners LLC lifted its position in Coupang by 7.1% during the first quarter. Ignite Planners LLC now owns 19,959 shares of the company’s stock valued at $363,000 after purchasing an additional 1,316 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Coupang in the first quarter worth $326,000. FCF Advisors LLC purchased a new position in Coupang during the first quarter valued at $2,929,000. Optimum Investment Advisors purchased a new position in Coupang during the first quarter valued at $148,000. Finally, Lake Hills Wealth Management LLC purchased a new position in Coupang during the first quarter valued at $185,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Coupang stock opened at $21.25 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $38.11 billion, a PE ratio of 28.33 and a beta of 1.32. The firm has a fifty day simple moving average of $17.43 and a two-hundred day simple moving average of $16.62. Coupang has a twelve month low of $13.51 and a twelve month high of $21.43.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. Coupang’s quarterly revenue was up 23.2% on a year-over-year basis. Research analysts expect that Coupang will post 0.29 EPS for the current year.

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.