5 Tech Stocks to Buy According to Billionaire Stanley Druckenmiller

1. Coupang, Inc. (NYSE:CPNG)

Stanley Druckenmiller’s Stake Value: $431,845,000

Percentage of Stanley Druckenmiller’s 13F Portfolio: 14.02%

Number of Hedge Fund Holders: 45

Coupang, Inc. (NYSE:CPNG) is a new arrival in Stanley Druckenmiller’s investment portfolio, with the billionaire acquiring 15.5 million shares in the company in the third quarter, valued at $431.8 million, representing 14.02% of his total investments. Coupang, Inc. (NYSE:CPNG), the biggest South Korean ecommerce company offering an extensive online marketplace, is the largest holding in Druckenmiller’s Q3 portfolio. 

Coupang, Inc. (NYSE:CPNG), on November 12, announced its Q3 results, posting an EPS of -$0.19, missing estimates by -$0.05. The revenue amounted to $4.64 billion, missing analysts’ consensus estimates by $196.75 million. 

On November 15, Mizuho analyst James Lee lowered the firm’s price target on Coupang, Inc. (NYSE:CPNG) to $32 from $40 and kept a Neutral rating on the shares, citing mixed Q3 results and cost constraints due to COVID-19 and increased investments in the food and delivery segment.

Neil Mehta’s Greenoaks Capital is the leading Coupang, Inc. (NYSE:CPNG) stakeholder, holding over 209 million shares in the company worth $5.83 billion. Overall, 45 hedge funds in the Q3 database of Insider Monkey reported owning stakes in Coupang, Inc. (NYSE:CPNG), worth over $10.76 billion.  

You can also take a look at 11 Best Young Stocks To Buy Now and 10 Best Dividend Stocks For Steady Growth.

Follow Insider Monkey on Twitter