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

Coupang, Inc. (NYSE:CPNG) was the target of some unusual options trading activity on Monday. Stock investors purchased 18,302 call options on the stock. This represents an increase of approximately 37% compared to the average daily volume of 13,358 call options.

Coupang Trading Up 4.9 %

NYSE:CPNG opened at $25.80 on Tuesday. Coupang has a 12-month low of $13.51 and a 12-month high of $26.28. The firm has a market capitalization of $46.13 billion, a P/E ratio of 37.49, a P/E/G ratio of 181.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The business has a 50 day simple moving average of $22.91 and a 200 day simple moving average of $21.80.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. Equities research analysts predict that Coupang will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CPNG. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday. Finally, Morgan Stanley increased their price objective on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Insider Activity

In other Coupang news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the completion of the sale, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now owns 170,356 shares of the company’s stock, valued at $3,390,084.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 411,388 shares worth $9,452,761. Company insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several hedge funds have recently bought and sold shares of the business. Bain Capital Public Equity Management II LLC acquired a new position in Coupang in the 4th quarter worth about $18,850,000. Nebula Research & Development LLC increased its position in Coupang by 220.4% in the 4th quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after purchasing an additional 67,509 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its position in Coupang by 3.5% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock worth $138,158,000 after purchasing an additional 287,000 shares during the last quarter. Bleakley Financial Group LLC increased its position in Coupang by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Coupang by 5.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock worth $39,801,000 after purchasing an additional 110,700 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

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.