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

Coupang, Inc. (NYSE:CPNG) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 40,381 call options on the stock. This is an increase of 62% compared to the average daily volume of 24,947 call options.

Coupang Trading Down 3.4%

NYSE CPNG traded down $0.54 during trading on Tuesday, reaching $15.17. 18,328,869 shares of the stock traded hands, compared to its average volume of 23,551,654. The firm has a market cap of $27.22 billion, a price-to-earnings ratio of -168.48 and a beta of 1.20. The stock’s 50-day moving average price is $19.14 and its 200 day moving average price is $21.87. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Coupang has a fifty-two week low of $15.14 and a fifty-two week high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts predict that Coupang will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

CPNG has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Barclays lifted their price target on shares of Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Mizuho lowered their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Finally, UBS Group set a $25.00 price target on shares of Coupang in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Coupang currently has an average rating of “Hold” and an average target price of $26.92.

Insider Transactions at Coupang

In other news, Director Neil Mehta purchased 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the acquisition, the director directly owned 52,978,114 shares of the company’s stock, valued at approximately $989,631,169.52. This trade represents a 6.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 7,350,104 shares of company stock worth $136,566,051. Company insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Coupang during the third quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in Coupang during the third quarter valued at approximately $32,000. Fifth Third Bancorp grew its holdings in Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Reflection Asset Management acquired a new position in Coupang during the fourth quarter valued at approximately $28,000. Finally, Root Financial Partners LLC acquired a new position in Coupang during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.