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

Coupang, Inc. (NYSE:CPNG - Get Free Report) saw unusually large options trading on Friday. Stock traders bought 32,643 call options on the company. This represents an increase of 158% compared to the average volume of 12,674 call options.

Insider Activity at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $8,744,568,816.75. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president owned 177,106 shares of the company's stock, valued at $4,223,978.10. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,459,697 shares of company stock worth $1,067,780,811. 12.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coupang

Hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of Coupang by 37.5% in the 4th quarter. Private Advisor Group LLC now owns 81,551 shares of the company's stock valued at $1,792,000 after acquiring an additional 22,253 shares during the last quarter. IFP Advisors Inc raised its holdings in Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock valued at $280,000 after buying an additional 469 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in Coupang during the 4th quarter valued at $349,000. Proficio Capital Partners LLC bought a new stake in Coupang in the 4th quarter worth $854,000. Finally, Hosking Partners LLP increased its position in shares of Coupang by 58.2% in the fourth quarter. Hosking Partners LLP now owns 926,236 shares of the company's stock valued at $20,359,000 after acquiring an additional 340,855 shares during the period. Institutional investors own 83.72% of the company's stock.

Coupang Price Performance

NYSE:CPNG traded down $0.86 during mid-day trading on Monday, hitting $29.95. 15,655,845 shares of the stock traded hands, compared to its average volume of 9,301,688. The business's 50-day moving average price is $26.77 and its 200 day moving average price is $24.20. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a market cap of $54.38 billion, a PE ratio of 213.93 and a beta of 1.15. Coupang has a 12-month low of $18.16 and a 12-month high of $30.91.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. The business's quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Coupang will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CPNG shares. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday. Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Coupang currently has a consensus rating of "Moderate Buy" and an average target price of $30.08.

About Coupang

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.