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

by · The Cerbat Gem

Coupang, Inc. (NYSE:CPNGGet Free Report) saw some unusual options trading on Thursday. Traders acquired 57,353 put options on the company. This is an increase of approximately 95% compared to the typical daily volume of 29,393 put options.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CPNG shares. Mizuho set a $22.00 price target on shares of Coupang in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and cut their price objective for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. Bank of America reduced their price objective on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating and issued a $29.00 target price on shares of Coupang in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group set a $31.00 target price on Coupang in a research report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coupang currently has an average rating of “Hold” and an average price target of $25.39.

View Our Latest Report on Coupang

Coupang Trading Down 0.5%

NYSE:CPNG traded down $0.08 during trading hours on Thursday, hitting $14.68. 20,751,960 shares of the stock traded hands, compared to its average volume of 14,801,203. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68. Coupang has a 1 year low of $14.45 and a 1 year high of $34.08. The stock has a 50 day moving average price of $16.53 and a 200 day moving average price of $17.67.

Coupang (NYSE:CPNGGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.18. The firm had revenue of $8.86 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Equities research analysts predict that Coupang will post -0.46 EPS for the current year.

Insider Transactions at Coupang

In other Coupang news, insider Harold Rogers sold 192,110 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.18, for a total value of $3,108,339.80. Following the transaction, the insider directly owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.10, for a total value of $88,855.90. Following the sale, the chief accounting officer owned 181,915 shares of the company’s stock, valued at approximately $2,928,831.50. This represents a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coupang

A number of institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in shares of Coupang in the third quarter worth about $26,000. Reflection Asset Management bought a new stake in Coupang during the 4th quarter valued at approximately $28,000. LGT Financial Advisors LLC bought a new stake in Coupang during the 3rd quarter valued at approximately $52,000. Webster Bank N. A. lifted its holdings in Coupang by 325.8% in the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Coupang in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Company Profile

(Get Free Report)

Coupang, Inc (NYSE: CPNG) is an e-commerce and technology company founded in South Korea in 2010. The company operates an online marketplace offering consumer goods across categories such as electronics, household products, apparel, beauty products and groceries.

Its services include Rocket Delivery, a logistics and fulfillment network designed to provide fast delivery; Rocket Fresh, its grocery delivery service; and Coupang Eats, a food-ordering and delivery platform. Coupang also operates Coupang Play, a subscription-based streaming service, and Coupang Pay, a digital payments service.

Coupang serves customers primarily in South Korea and Taiwan.

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