Investors Purchase Large Volume of Call Options on Coupang (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) saw some unusual options trading on Monday. Traders bought 42,258 call options on the company. This represents an increase of approximately 73% compared to the typical volume of 24,406 call options.

Insider Buying and Selling

In other news, Director Neil Mehta acquired 2,332,863 shares of Coupang stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $18.40 per share, for a total transaction of $42,924,679.20. Following the completion of the transaction, the director owned 55,310,977 shares in the company, valued at $1,017,721,976.80. The trade was a 4.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 7,350,104 shares of company stock worth $136,566,051 in the last three months. 12.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Coupang by 343.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock worth $920,786,000 after purchasing an additional 22,147,432 shares during the period. Norges Bank purchased a new position in Coupang during the 4th quarter valued at approximately $498,333,000. Assenagon Asset Management S.A. grew its holdings in Coupang by 1,394.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 17,117,583 shares of the company’s stock valued at $323,180,000 after buying an additional 15,971,942 shares in the last quarter. Tiger Global Management LLC grew its holdings in Coupang by 65.9% during the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock valued at $619,645,000 after buying an additional 10,429,680 shares in the last quarter. Finally, Capital International Investors grew its holdings in Coupang by 20.4% during the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after buying an additional 6,977,942 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of NYSE CPNG traded up $0.05 during trading on Monday, hitting $15.20. The company had a trading volume of 13,866,977 shares, compared to its average volume of 23,247,885. The stock has a 50 day simple moving average of $18.26 and a 200 day simple moving average of $20.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. Coupang has a 12 month low of $14.92 and a 12 month high of $34.08. The firm has a market capitalization of $27.28 billion, a P/E ratio of -168.67 and a beta of 1.12.

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

Analyst Ratings Changes

A number of research firms recently commented on CPNG. Morgan Stanley reduced their price objective on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Wednesday, May 6th. Nomura reduced their price objective on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Wall Street Zen cut Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Coupang presently has an average rating of “Hold” and a consensus target price of $26.92.

Coupang Company Profile

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.