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

Coupang, Inc. (NYSE:CPNG) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 36,918 put options on the stock. This is an increase of 67% compared to the average volume of 22,115 put options.

Coupang Trading Up 0.1 %

Shares of CPNG stock opened at $20.93 on Thursday. The stock has a 50-day simple moving average of $22.08 and a 200 day simple moving average of $18.87. Coupang has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The stock has a market capitalization of $37.41 billion, a P/E ratio of 29.89, a P/E/G ratio of 44.76 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.67.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a net margin of 4.96% and a return on equity of 13.59%. The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period in the prior year, the business earned $0.05 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts expect that Coupang will post 0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on CPNG. Morgan Stanley raised their price target on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Barclays raised their price target on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Mizuho raised their price target on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Citigroup raised their price target on Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Bank of America initiated coverage on Coupang in a report on Friday, May 3rd. They set a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insiders Place Their Bets

In other Coupang news, insider Pranam Kolari sold 2,048 shares of the 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 sale, the insider now directly owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Coupang news, CAO Jonathan D. Lee sold 5,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. Following the sale, the chief accounting officer now directly owns 120,835 shares of the company’s stock, valued at $2,591,910.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the transaction, the insider now directly owns 187,951 shares in the company, valued at $4,198,825.34. The disclosure for this sale can be found here. Insiders have sold 753,538 shares of company stock valued at $15,662,818 over the last three months. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently modified their holdings of CPNG. Global Retirement Partners LLC boosted its position in shares of Coupang by 135.8% in the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the period. Headinvest LLC acquired a new position in shares of Coupang in the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its position in shares of Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,470 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Coupang in the 1st quarter valued at $50,000. Finally, Acadian Asset Management LLC boosted its position in shares of Coupang by 438.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock valued at $99,000 after purchasing an additional 4,545 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.