Coupang Sees Unusually Large Options Volume (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNGGet Free Report) was the target of unusually large options trading activity on Wednesday. Traders purchased 20,200 call options on the stock. This represents an increase of 60% compared to the typical daily volume of 12,591 call options.

Coupang Trading Up 4.8 %

Shares of CPNG traded up $1.17 during mid-day trading on Wednesday, reaching $25.34. The stock had a trading volume of 7,243,730 shares, compared to its average volume of 7,983,643. The firm has a market cap of $45.58 billion, a price-to-earnings ratio of 44.39, a P/E/G ratio of 52.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang has a 52-week low of $16.45 and a 52-week high of $26.91. The business’s fifty day moving average is $23.13 and its 200 day moving average is $23.86.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group acquired a new position in shares of Coupang during the 3rd quarter worth about $28,000. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the 4th quarter worth approximately $26,000. Van ECK Associates Corp lifted its stake in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in Coupang during the 4th quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock valued at $43,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Wednesday. Mizuho increased their target price on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays increased their target price on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.06.

View Our Latest Stock Analysis on CPNG

Coupang Company Profile

(Get Free Report)

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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