Is Coupang, Inc. (CPNG) the Best E-commerce Stock To Buy According to Hedge Funds? [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
Coupang, Inc. (NYSE:CPNG) stands against the other e-commerce stocks to buy according to hedge funds. E-commerce is growing faster than expected and as new avenues of selling online open up, companies are bound to keep up with trends and innovative strategies. According to a report by Forbes, the e-commerce industry is expected to grow to a valuation of $7.9 trillion by 2027 from $6.3 trillion in 2024. In 2027, 23% of retail purchases are expected to be made online, up from 20.1% in 2024. In the United States, low-income households, with a yearly income of $50,000 or less, happened to spend the most on online spending compared to other groups. On October 17, Reuters reported that retail sales in September increased, as gas prices fell, allowing consumers to spend elsewhere. Overall, the average consumer in the United States spent mostly on clothing, health and personal care stores, and miscellaneous items. Amid rising consumer confidence and spending, the Atlanta Fed raised its GD
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CPNG
News
- Coupang (CPNG): Revolutionizing E-Commerce Under $25 [Yahoo! Finance]Yahoo! Finance
- South Korea's e-commerce market to grow by 10.2% in 2024, forecasts GlobalData [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc.'s (NYSE:CPNG) institutional investors lost 6.6% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- The US IPO window hasn't reopened yet, but startups take what they can [TechCrunch]TechCrunch
- Lee Ainslie's Strategic Moves in Q3 2024: A Deep Dive into Coupang Inc's Significant Reduction [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website