Coupang Sees Unusually Large Options Volume (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) saw unusually large options trading on Monday. Investors acquired 38,525 call options on the company. This represents an increase of approximately 157% compared to the typical daily volume of 14,970 call options.

Insider Transactions at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the transaction, the insider owned 309,542,259 shares in the company, valued at approximately $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.79, for a total value of $2,093,976.50. Following the transaction, the chief financial officer owned 2,016,940 shares in the company, valued at approximately $56,050,762.60. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,087,003 shares of company stock worth $284,933,545. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Coupang

Several hedge funds have recently modified their holdings of the company. Dodge & Cox lifted its holdings in Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after buying an additional 20,555,600 shares during the period. Norges Bank acquired a new position in Coupang during the 2nd quarter worth about $587,186,000. GQG Partners LLC acquired a new position in Coupang during the 1st quarter worth about $168,127,000. Massachusetts Financial Services Co. MA lifted its holdings in Coupang by 436.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock worth $190,497,000 after buying an additional 7,067,830 shares during the period. Finally, Eminence Capital LP acquired a new position in Coupang during the 2nd quarter worth about $204,840,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CPNG shares. Morgan Stanley raised their price objective on Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Nomura Securities upgraded Coupang to a “strong-buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and an average price target of $31.14.

Coupang Price Performance

Coupang stock opened at $32.33 on Wednesday. The stock’s fifty day moving average price is $29.49 and its two-hundred day moving average price is $26.50. Coupang has a one year low of $19.02 and a one year high of $32.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a market cap of $58.94 billion, a PE ratio of 161.66 and a beta of 1.15.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the previous year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts expect that Coupang will post 0.17 EPS for the current fiscal year.

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.