Jacob Rothschild’s RIT Capital Partners is Selling These 5 Stocks

3. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 33

Coupang, Inc. (NYSE:CPNG) is a South Korean e-commerce firm headquartered in Seoul. The firm grew to become South Korea’s largest internet marketplace.

In the second quarter, Coupang, Inc.’s (NYSE:CPNG) EPS came in at -$0.30, missing the estimates by $0.16. However, revenue in the period was $4.48 billion, beating the forecast by $50 million. In August, Daiwa analyst Thomas Kwon upgraded Coupang, Inc. (NYSE:CPNG) to “Buy” from “Outperform.”

The most significant stakeholder of Coupang, Inc. (NYSE:CPNG) is MIC Capital Partners, with 1.29 million shares worth $54.10 billion. Coupang, Inc. (NYSE:CPNG) saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 33 in the second quarter compared to 40 hedge fund in the previous quarter.