15 High Growth Companies Hedge Funds Are Buying

10. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 87

Average 5-Year Revenue Growth: 38.16%

Coupang, Inc. (NYSE:CPNG) is a retail and e-commerce company that provides grocery delivery, digital advertising, streaming content, financial technology services, and a luxury fashion marketplace across Asia and the United States. It is one of the best high growth stocks on the radar of Wall Street funds. On February 26, Citi analysts assigned a Buy rating to Coupang, Inc. (NYSE:CPNG) and raised the price target from $28 to $29, citing impressive growth, a boost in active customers, and the strong performance of its Fastest Last-Mile delivery service.

Coupang, Inc. (NYSE:CPNG) reported $8 billion in revenue for the fourth quarter of 2024, up 21% from last year. Even excluding numbers from Farfetch, growth remained solid at 14%. Gross profit rose 48% to $2.5 billion, given the improved margins. Net income came in at $156 million, though it was lower than Q4 2023 because of a large tax-related gain last year. EPS landed at $0.08, or $0.04 on an adjusted basis. Adjusted EBITDA also grew to $421 million, showing improved profitability.

According to Insider Monkey’s fourth quarter database, 87 hedge funds were bullish on Coupang, Inc. (NYSE:CPNG), compared to 56 funds in the prior quarter. Durable Capital Partners was the biggest stakeholder of the company, with 28.6 million shares valued at $629.4 million.