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

Coupang, Inc. (NYSE:CPNG) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 20,200 call options on the stock. This represents an increase of 60% compared to the average daily volume of 12,591 call options.

Coupang Price Performance

Coupang stock opened at $23.75 on Friday. Coupang has a 52-week low of $17.32 and a 52-week high of $26.91. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 52.20 and a beta of 1.11. The company has a fifty day simple moving average of $23.20 and a 200-day simple moving average of $23.87. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

A number of large investors have recently modified their holdings of the business. United Advisor Group LLC grew its holdings in shares of Coupang by 21.8% during the fourth quarter. United Advisor Group LLC now owns 16,200 shares of the company’s stock worth $356,000 after buying an additional 2,896 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Coupang by 1.4% during the fourth quarter. Mackenzie Financial Corp now owns 187,613 shares of the company’s stock worth $4,124,000 after buying an additional 2,670 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new position in shares of Coupang during the 4th quarter valued at about $625,000. Neo Ivy Capital Management acquired a new position in shares of Coupang during the 4th quarter valued at about $3,333,000. Finally, JT Stratford LLC boosted its position in shares of Coupang by 12.7% during the 4th quarter. JT Stratford LLC now owns 89,196 shares of the company’s stock valued at $1,961,000 after acquiring an additional 10,052 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research note on Wednesday. Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays set a $35.00 price target on shares of Coupang and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho boosted their price target on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Coupang Company Profile

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.