5 Best Stocks To Buy For Flat Markets According To Druckenmiller

1. Coupang, Inc. (NYSE:CPNG)

Duquesne Capital’s Stake Value: $323,970,000

Number of Hedge Fund Holders: 36

Coupang, Inc. (NYSE:CPNG) is a South Korean company that owns e-commerce businesses through its mobile applications and websites primarily in South Korea. It operates through two segments – Product Commerce and Growth Initiatives. Coupang, Inc. (NYSE:CPNG) is the largest holding in Druckenmiller’s portfolio. He owns 19.4 million shares of the company worth $324 million as of the end of September 2022. 

On December 1, New Street analyst Jin Yoon initiated coverage of Coupang, Inc. (NYSE:CPNG) with a Buy rating and a $25 price target, citing his view that the company has a “clear path” to achieving its EBITDA targets by 2027.

According to Insider Monkey’s third quarter database, 36 hedge funds were long Coupang, Inc. (NYSE:CPNG), compared to 37 funds in the last quarter. Lee Ainslie’s Maverick Capital is the largest position holder in the company, with 81.25 million shares worth $1.35 billion.

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