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

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

Coupang Stock Performance

NYSE CPNG opened at $25.10 on Friday. 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 company’s fifty day moving average is $24.57 and its two-hundred day moving average is $22.80. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 43.16 and a beta of 1.10.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. Equities research analysts forecast that Coupang will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and raised their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Insider Activity at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 251,300 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $22.58 per share, for a total transaction of $5,674,354.00. Following the completion of the transaction, the director now owns 50,126,224 shares in the company, valued at $1,131,850,137.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Greenoaks Capital Partners Llc bought 251,300 shares of Coupang stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the acquisition, the director now directly owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. This trade 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 link. Also, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 451,300 shares of company stock worth $10,208,354 and have sold 400,956 shares worth $9,245,164. Company insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in shares of Coupang by 3.2% during the 3rd quarter. Pathstone Holdings LLC now owns 215,411 shares of the company’s stock worth $5,288,000 after buying an additional 6,615 shares during the period. Quest Partners LLC acquired a new position in Coupang during the 3rd quarter worth $370,000. Natixis Advisors LLC boosted its holdings in Coupang by 2.7% in the third quarter. Natixis Advisors LLC now owns 571,174 shares of the company’s stock valued at $14,022,000 after acquiring an additional 15,210 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Coupang by 5.0% during the 3rd quarter. CIBC Asset Management Inc now owns 54,709 shares of the company’s stock worth $1,343,000 after buying an additional 2,604 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Coupang by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock worth $277,000 after acquiring an additional 1,082 shares during the period. 83.72% of the stock is owned by 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.