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Rose Park Advisors increased its Coupang stake by 10% as the company's Q2 revenue grew 25.4% to $7.32 billion.
Rose Park Advisors LLC increased its stake in Coupang, Inc. (NYSE: CPNG) by 10%, holding 849,295 shares valued at $17.79 million.
Coupang's revenue reached $7.32 billion in Q2, a 25.4% increase year-over-year, and it reported earnings of $0.07 per share, surpassing estimates.
Analysts have raised their price targets, with Morgan Stanley at $27 and CLSA at $31.
Institutional investors own 83.72% of Coupang's stock.
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Rose Park Advisors aumentó su participación en Coupang en un 10% a medida que los ingresos Q2 de la compañía crecieron un 25,4% a $7.32 billones.