Coupang Sees Unusually High Options Volume (NYSE:CPNG)

Key Points

• Coupang experienced a significant rise in options trading, with 38,525 call options purchased, representing a 157% increase over its usual daily volume of 14,970 calls.
• Analyst ratings for Coupang have varied, with Nomura raising the stock to a "strong-buy" while Deutsche Bank downgraded it to "hold," leading to a mixed overall recommendation of "Moderate Buy."
• The company's shares rose 8.9% on Monday, reaching $31.48, with a substantial trading volume of nearly 46.9 million shares compared to its average of about 9.6 million.

Coupang, Inc. (NYSE:CPNG - Get Free Report) was the target of unusually large options trading activity on Monday. Investors bought 38,525 call options on the company. Thisisanincreaseofapproximately157% compared to the typical daily volume of 14,970 call options.

Analyst Ratings Changes

Several equities research analysts have issued reports on CPNG shares. Nomura Securities raised Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft cut Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a report on Wednesday, August 6th. Morgan Stanley increased their price target on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Nomura raised Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective on the stock in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.14.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the transaction, the vice president owned 158,676 shares in the company, valued at $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $28.25, for a total value of $282,500,000.00. Following the transaction, the insider directly owned 309,542,259 shares in the company, valued at $8,744,568,816.75. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,087,003 shares of company stock worth $284,933,545 in the last three months. Insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Dodge & Cox boosted its stake in shares of Coupang by 14.3% in the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company's stock worth $1,396,571,000 after buying an additional 5,829,600 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of Coupang by 7.5% during the 2nd quarter. Durable Capital Partners LP now owns 24,743,982 shares of the company's stock worth $741,330,000 after acquiring an additional 1,734,980 shares during the period. Norges Bank purchased a new position in shares of Coupang in the second quarter worth about $587,186,000. Holocene Advisors LP grew its stake in Coupang by 24.5% in the 2nd quarter. Holocene Advisors LP now owns 15,689,845 shares of the company's stock valued at $470,068,000 after buying an additional 3,083,854 shares in the last quarter. Finally, State Street Corp grew its position in shares of Coupang by 8.4% in the second quarter. State Street Corp now owns 15,641,775 shares of the company's stock valued at $468,628,000 after purchasing an additional 1,210,801 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Stock Up 8.9%

Shares of NYSE:CPNG traded up $2.57 during trading on Monday, reaching $31.48. 46,892,859 shares of the stock were exchanged, compared to its average volume of 9,609,059. The firm has a market cap of $57.40 billion, a price-to-earnings ratio of 157.42 and a beta of 1.15. The stock has a fifty day moving average of $29.41 and a two-hundred day moving average of $26.41. Coupang has a 1-year low of $19.02 and a 1-year high of $31.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Research analysts anticipate that Coupang will post 0.17 earnings per share 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.

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