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.

September 14, 2024
4 Articles