Investors buy high volume of Coupang (NYSE:CPNG) call options

Coupang, Inc. ( NYSE:CPNG – Get a Free Report ) saw some unusual options trading on Wednesday. Traders bought 23,766 call options on the stock. This is a 49% increase from the typical volume of 16,003 call options.

Coupang share performance

Shares of CPNG stock opened at $23.41 on Thursday. The company has a market cap of $41.86 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 161.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12, and a quick ratio of 0.87. Coupang has a one year low of $13.51 and a one year high of $23.99. The company’s fifty day moving average price is $21.71 and its 200 day moving average price is $21.07.

Coupang (NYSE:CPNG – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company’s revenue increased by 25.4% year-on-year. In the same quarter last year, the firm posted EPS of $0.08. As a group, analysts expect that Coupang will post 0.14 earnings per share for the current year.

Indoor activity

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the transaction, the director now owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now directly owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, insider Pranam Kolari sold 10,432 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 1,110,432 shares valued at $23,870,597. Corporate insiders own 13.60% of the company’s shares.

Institutional investors are stepping in on Coupang

A number of institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its position in Coupang by 1.6% in the second quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company’s stock valued at $3,589,783,000 after purchasing an additional 2,749,027 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Coupang by 31.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after buying an additional 18,894,909 shares in the last quarter. WCM Investment Management LLC boosted its stake in Coupang by 2,250.9% in the first quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock valued at $799,242,000 after buying an additional 43,015,433 shares during the period. Norges Bank bought a new stake in shares of Coupang in the fourth quarter valued at $250,714,000. Finally, Sands Capital Management LLC boosted its holdings in Coupang by 0.7% in the fourth quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company’s stock valued at $233,793,000 after acquiring an additional 98,043 shares during the last quarter. 83.72% of shares are held by institutional investors and hedge funds.

The Wall Street analyst weighs in

A number of research firms have commented on CPNG. Morgan Stanley boosted their price objective on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. CLSA raised Coupang from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Finally, UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.50 to $26.00 in a report on Thursday. May 16. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Coupang currently has a consensus rating of “Moderate Buy” and an average price target of $27.25, according to MarketBeat.com.

Get the latest research report on Coupang

Coupang Company Profile

(Get a free report)

Coupang, Inc, together with its subsidiaries, owns and operates retail businesses through its mobile applications and internet websites, primarily in South Korea. The company operates through the Product Trading and Offer Development segments. It sells various products and services in the categories of home goods and decor, clothing, beauty products, fresh food and grocery, sporting goods, electronics and daily consumables, as well as travel and order and delivery services at restaurant.

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