Billionaire Izzy Englander is Selling These 5 Stocks

4. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 45

A South Korean e-commerce company, Coupang, Inc. (NYSE:CPNG) experienced a positive hedge fund sentiment in Q3, as 45 hedge funds tracked by Insider Monkey held stakes in the company, up from 33 in the previous quarter. These stakes hold a consolidated value of over $10.7 billion.

Millennium Management started investing in Coupang, Inc. (NYSE:CPNG) during the first quarter of 2021, however, in Q3 2021, the hedge fund sold off its entire stake in the company.

Considering the company’s increased investments in food delivery, recently, Mizuho set a $32 price target on Coupang, Inc. (NYSE:CPNG), while maintaining a Neutral rating on the shares.