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

Coupang, Inc. (NYSE:CPNG) saw some unusual options trading activity on Tuesday. Traders purchased 31,373 call options on the company. This represents an increase of approximately 56% compared to the typical volume of 20,146 call options.

Insider Activity

In other news, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the sale, the insider now directly owns 187,951 shares in the company, valued at $4,198,825.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Coupang news, insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares of the company’s stock, valued at approximately $4,198,825.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the completion of the transaction, the insider now owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,355,282 shares of company stock worth $633,457,030. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Coupang

Large investors have recently modified their holdings of the business. WCM Investment Management LLC increased its stake in shares of Coupang by 2,250.9% during the 1st quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock worth $799,242,000 after purchasing an additional 43,015,433 shares during the last quarter. Baillie Gifford & Co. raised its stake in Coupang by 21.6% in the 4th quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company’s stock valued at $2,356,036,000 after acquiring an additional 25,843,034 shares during the period. Norges Bank acquired a new stake in Coupang during the 4th quarter valued at $250,714,000. Pacer Advisors Inc. boosted its position in Coupang by 104,032.2% during the fourth quarter. Pacer Advisors Inc. now owns 10,944,299 shares of the company’s stock worth $177,188,000 after purchasing an additional 10,933,789 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Coupang by 217.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,909,546 shares of the company’s stock worth $51,761,000 after buying an additional 1,992,092 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 1.5 %

NYSE CPNG opened at $22.99 on Wednesday. Coupang has a 52 week low of $13.51 and a 52 week high of $23.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The stock’s 50 day moving average price is $19.79 and its two-hundred day moving average price is $17.21. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 19.21 and a beta of 1.13.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that Coupang will post 0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CPNG shares. Citigroup raised Coupang from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $26.00 in a research note on Monday, April 15th. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Barclays lifted their price objective on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Bank of America assumed coverage on Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.50 to $21.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

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.