Top 5 Stock Picks of Jacob Rothschild’s RIT Capital Partners

1. Coupang, Inc. (NYSE:CPNG)

RIT Capital Partners’ Stake Value: $105,527,000

Percentage of RIT Capital Partners’ 13F Portfolio: 37.37%

Number of Hedge Fund Holders: 29

Coupang, Inc. (NYSE:CPNG) was incorporated in 2010 and is headquartered in Seoul, South Korea, operating as an e-commerce business. Jacob Rothschild’s RIT Capital Partners added Coupang, Inc. (NYSE:CPNG) to its Q4 2021 portfolio by purchasing 3.5 million shares worth $105.5 million. The stock represents 37.37% of the total 13F securities and is the biggest holding in the portfolio. 

On April 7, Goldman Sachs analyst Eric Cha upgraded Coupang, Inc. (NYSE:CPNG) to Conviction Buy from Buy but lowered the price target to $37 from $52. The negative factors that have impacted the share price since the second half of 2021 include rising rates, industry growth deceleration on high comps, and the pandemic-driven capacity issues. However, the analyst also believes that the market is underestimating Coupang, Inc. (NYSE:CPNG)’s operating leverage potential, which he told investors has been hidden under COVID-19 induced expenditure. 

Among the hedge funds tracked by Insider Monkey, 29 hedge funds were bullish on Coupang, Inc. (NYSE:CPNG) at the end of December 2021, down from 45 funds in the preceding quarter. Neil Mehta’s Greenoaks Capital is the biggest stakeholder of the company, with 115.8 million shares worth $3.40 billion.

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire David Harding and 10 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital. 

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