Coupang Sees Unusually Large Options Volume (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders acquired 32,643 call options on the company. This is an increase of approximately 158% compared to the average daily volume of 12,674 call options.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPNG. Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Barclays upped their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and a consensus price target of $30.08.

Coupang Trading Up 2.8%

NYSE CPNG traded up $0.83 on Friday, hitting $30.64. The company's stock had a trading volume of 11,035,218 shares, compared to its average volume of 9,041,104. The firm has a market cap of $55.62 billion, a PE ratio of 218.82 and a beta of 1.15. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang has a 1-year low of $18.16 and a 1-year high of $30.77. The company's 50-day moving average is $26.58 and its 200 day moving average is $24.15.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (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 business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The company's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts predict that Coupang will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares of the company's stock, valued at $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin Sun sold 200,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the sale, the director now owns 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This represents a 13.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,459,697 shares of company stock valued at $1,067,780,811. Corporate insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Dodge & Cox lifted its stake in Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after acquiring an additional 20,555,600 shares in the last quarter. Norges Bank purchased a new stake in shares of Coupang in the fourth quarter valued at about $404,896,000. Price T Rowe Associates Inc. MD lifted its position in shares of Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. GQG Partners LLC bought a new position in shares of Coupang during the first quarter valued at about $168,127,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock worth $190,497,000 after purchasing an additional 7,067,830 shares during the last quarter. Institutional investors 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.

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