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

Coupang, Inc. (NYSE:CPNG) saw unusually large options trading activity on Tuesday. Investors bought 40,381 call options on the stock. This represents an increase of approximately 62% compared to the average volume of 24,947 call options.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Wednesday, May 6th. Nomura decreased their price objective on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Weiss Ratings downgraded shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.92.

Insider Activity at Coupang

In other Coupang news, Director Neil Mehta purchased 3,000,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $18.68 per share, for a total transaction of $56,040,000.00. Following the purchase, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 7,350,104 shares of company stock worth $136,566,051. Corporate insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Coupang

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new position in shares of Coupang during the 3rd quarter worth about $26,000. Reflection Asset Management bought a new position in shares of Coupang during the 4th quarter worth about $28,000. Orion Capital Management LLC bought a new position in Coupang during the 3rd quarter valued at about $32,000. Webster Bank N. A. lifted its holdings in Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Coupang by 1,250.0% during the 3rd 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 last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Stock Performance

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

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

About Coupang

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.