Coupang Target of Unusually High Options Trading (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) was the target of some unusual options trading activity on Friday. Investors acquired 32,643 call options on the stock. This is an increase of approximately 158% compared to the average volume of 12,674 call options.

Insider Activity at Coupang

In other Coupang news, CFO Gaurav Anand sold 75,350 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $26.10, for a total value of $1,966,635.00. Following the completion of the sale, the chief financial officer now directly owns 2,267,290 shares of the company’s stock, valued at $59,176,269. The trade was a 3.22% 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, VP Pranam Kolari sold 9,347 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. 12.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after acquiring an additional 17,123,637 shares during the period. Dodge & Cox grew its stake in Coupang by 101.6% during the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock valued at $894,413,000 after acquiring an additional 20,555,600 shares in the last quarter. FMR LLC lifted its holdings in shares of Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the last quarter. Durable Capital Partners LP lifted its holdings in shares of Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after acquiring an additional 3,420,133 shares during the last quarter. Finally, Dragoneer Investment Group LLC lifted its holdings in shares of Coupang by 9.0% in the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock worth $451,497,000 after acquiring an additional 1,690,826 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 3.6%

Shares of Coupang stock opened at $30.90 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang has a twelve month low of $18.16 and a twelve month high of $30.91. The company has a market cap of $56.09 billion, a price-to-earnings ratio of 220.68 and a beta of 1.15. The company’s 50 day moving average is $26.77 and its 200 day moving average is $24.20.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The company’s revenue was up 11.2% compared to the same quarter last year. Research analysts anticipate that Coupang will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CPNG shares. Mizuho upgraded shares of Coupang to a “hold” rating in a report on Friday, April 18th. Wall Street Zen raised shares of Coupang from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Finally, Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.08.

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.