5 Stocks to Buy Now According to Michael Pausic’s Foxhaven Asset Management

2. Coupang, Inc. (NYSE:CPNG)

Pausic’s Stake Value: $341.13 million
Percentage of Michael Pausic’s 13F Portfolio: 9.31%
Number of Hedge Fund Holders: 33

Coupang, Inc. (NYSE: CPNG) is a South Korean e-commerce company with headquarters in Seoul, South Korea. The company holds around 24% of South Korea’s e-commerce market share. Ranked 2nd on our list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Coupang, Inc. (NYSE:CPNG) has a market capitalization of $50.51 billion.

Michael Pausic’s Foxhaven Asset Management currently holds over 8.15 million shares of Coupang, Inc. (NYSE:CPNG), amounting to $341.13 million in worth and accounting for 9.31% of the fund’s portfolio. As of Q2 2021, 33 hedge funds tracked by Insider Monkey have positions in Coupang, Inc. (NYSE:CPNG), worth over $18 billion.

In the second quarter of 2021, the company posted its earnings report, with earnings per share at -$0.13, beating consensus estimates by $0.01. Additionally, the company reported a revenue of $4.48 billion, beating the estimates by $21.63 million.