Coupang Sees Unusually High Options Volume (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) was the recipient of unusually large options trading on Friday. Stock investors purchased 20,918 call options on the stock. This is an increase of approximately 98% compared to the typical volume of 10,564 call options.

Coupang Price Performance

Shares of CPNG stock opened at $27.22 on Friday. 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 $49.15 billion, a P/E ratio of 47.76, a P/E/G ratio of 52.20 and a beta of 1.08. The business’s 50 day moving average price is $23.01 and its 200-day moving average price is $23.47. Coupang has a fifty-two week low of $18.16 and a fifty-two week high of $27.73.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. Coupang’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Coupang will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the sale, the vice president now directly owns 177,106 shares of the company’s stock, valued at $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the company’s 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 sale, the director now owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,334,697 shares of company stock valued at $780,547,061 over the last 90 days. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Institutional investors have recently bought and sold shares of the stock. Adalta Capital Management LLC grew its holdings in shares of Coupang by 1.9% during the 1st quarter. Adalta Capital Management LLC now owns 79,729 shares of the company’s stock worth $1,748,000 after acquiring an additional 1,468 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Coupang during the first quarter valued at approximately $669,000. Dynamic Technology Lab Private Ltd purchased a new stake in Coupang in the first quarter worth $516,000. Petrus Trust Company LTA bought a new position in Coupang in the first quarter worth $240,000. Finally, Duquesne Family Office LLC raised its holdings in Coupang by 4.5% in the first quarter. Duquesne Family Office LLC now owns 9,302,634 shares of the company’s stock worth $204,007,000 after purchasing an additional 399,985 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPNG. Mizuho upgraded Coupang to a “hold” rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Finally, Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

Coupang Company 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.