Traders Buy High Volume of Coupang Call Options (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) was the target of some unusual options trading activity on Wednesday. Traders acquired 22,485 call options on the stock. This is an increase of approximately 64% compared to the typical volume of 13,746 call options.

Insider Activity

In other Coupang news, Director Greenoaks Capital Partners Llc bought 150,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $22.64 per share, with a total value of $3,396,000.00. Following the completion of the purchase, the director now directly owns 49,874,924 shares in the company, valued at $1,129,168,279.36. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Greenoaks Capital Partners Llc bought 150,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $22.64 per share, with a total value of $3,396,000.00. Following the completion of the transaction, the director now directly owns 49,874,924 shares of the company’s stock, valued at $1,129,168,279.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 400,956 shares valued at $9,245,164. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

Several hedge funds have recently added to or reduced their stakes in CPNG. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Coupang by 10.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 372,547 shares of the company’s stock valued at $6,628,000 after buying an additional 35,703 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Coupang by 2.2% during the 1st quarter. Private Advisor Group LLC now owns 48,088 shares of the company’s stock worth $855,000 after acquiring an additional 1,036 shares in the last quarter. Cohen Capital Management Inc. lifted its stake in Coupang by 45.2% during the first quarter. Cohen Capital Management Inc. now owns 240,978 shares of the company’s stock worth $4,287,000 after purchasing an additional 75,033 shares during the last quarter. Sciencast Management LP purchased a new stake in Coupang during the first quarter worth approximately $773,000. Finally, Deuterium Capital Management LLC boosted its holdings in Coupang by 25.0% in the first quarter. Deuterium Capital Management LLC now owns 12,500 shares of the company’s stock valued at $222,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Stock Down 10.7 %

Shares of NYSE CPNG opened at $24.01 on Thursday. The stock has a market cap of $43.06 billion, a P/E ratio of 41.39 and a beta of 1.10. The business’s fifty day simple moving average is $24.53 and its 200-day simple moving average is $22.79. Coupang has a 12-month low of $13.51 and a 12-month high of $26.91. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the company earned $0.05 EPS. Coupang’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, equities analysts predict that Coupang will post -0.03 EPS for the current fiscal 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.