5 Best Emerging Market Stocks to Buy According to Hedge Funds

4. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 49

Coupang, Inc. (NYSE:CPNG) is a leading South Korean e-commerce company. On February 28, the company announced earnings for the fourth quarter of fiscal 2022. The company reported an EPS of $0.06 and outperformed EPS estimates by $0.01.

On March 1, Morgan Stanley revised its price target on Coupang, Inc. (NYSE:CPNG) to $23 from $26 and reiterated an Overweight rating on the shares. Coupang, Inc. (NYSE:CPNG) is one of the best emerging market stocks to buy now.

At the end of Q4 2022, 49 hedge funds were bullish on Coupang, Inc. (NYSE:CPNG) and held positions worth $3.05 billion in the company. Of those, Maverick Capital was the top investor in the company and held a stake worth $1.1 billion.

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