13 High Growth Large Cap Stocks To Invest In

5. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 87

Average 5-Year Revenue Growth: 38.53%

Coupang, Inc. (NYSE:CPNG) is a global e-commerce and technology company that runs an online retail marketplace, offering grocery delivery and advertising services for businesses. Beyond shopping, Coupang has expanded into food delivery, streaming entertainment, fintech services, and luxury fashion via Farfetch. It is one of the top high growth stocks to watch out for. Coupang Play recently partnered with Warner Bros. Discovery to bring top HBO and Max series to Korea starting March 21. The lineup includes Game of Thrones, Succession, House of the Dragon, Euphoria, and more, as well as the exclusive premiere of The White Lotus Season 3.

Coupang, Inc. (NYSE:CPNG)’s Q4 revenue came in at $8 billion, up 21% year-over-year, and without Farfetch, growth was 14%. Gross profit jumped 48% to $2.5 billion, with a margin of 31.3%, improving by 570 basis points. Net income stood at $131 million, with $156 million attributable to Coupang stockholders, but that was down $876 million from last year due to a big non-cash tax benefit in Q4 2023. Diluted EPS was $0.08, down $0.49 from last year, mostly because of the tax benefit in Q4 2023. Without the fire insurance gain, EPS was $0.01, or $0.04 when also excluding Farfetch.

According to Insider Monkey’s fourth quarter database, Coupang, Inc. (NYSE:CPNG) was part of 87 hedge fund portfolios, a significant jump from 56 portfolios in the prior quarter.