Traders Buy High Volume of Coupang Call Options (NYSE:CPNG)

Coupang, Inc. (NYSE:CPNG) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 20,200 call options on the company. This is an increase of approximately 60% compared to the typical daily volume of 12,591 call options.

Coupang Stock Up 3.6 %

Shares of Coupang stock opened at $25.05 on Thursday. The company has a fifty day moving average price of $23.18 and a 200 day moving average price of $23.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang has a twelve month low of $16.45 and a twelve month high of $26.91. The stock has a market cap of $45.06 billion, a price-to-earnings ratio of 43.95, a price-to-earnings-growth ratio of 52.20 and a beta of 1.11.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. FMR LLC boosted its position in Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the period. Durable Capital Partners LP boosted its position in Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC boosted its position in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock worth $451,497,000 after purchasing an additional 1,690,826 shares during the period. Finally, Dodge & Cox boosted its position in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company’s stock worth $444,640,000 after purchasing an additional 123,900 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

About Coupang

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.