This Stock Could More Than Double By 2029, According to Billionaire Bill Ackman
Billionaire hedge fund manager Bill Ackman recently revealed his latest multibillion-dollar investment: mobility technology leader Uber ( UBER -2.14%). According to a social media post by Ackman, Pershing Square Capital Management (the hedge fund he oversees) owns 30.3 million shares of the company.
Hedge Fund Billionaire Ackman Reveals $2.3 Billion Stake In Uber—Stock Races To 9% Gain
Uber stock hit its highest level since October after Ackman disclosed his Pershing Square hedge fund accumulated a 1.4% stake in the ride hailer.
Should you follow suit? Here's why billionaire Bill Ackman bought $2.3 billion worth of this stock
Billionaire investor Bill Ackman's Pershing Square Capital acquired a $2.3 billion stake in Uber by purchasing 30.3 million shares. Ackman has praised Uber's CEO for transforming the company and also claimed that the company has more scope for growth.
Billionaire Bill Ackman Just Bought $2.3 Billion Worth of This Incredible Growth Stock, Which Could Make It His Hedge Fund's Biggest Bet
Bill Ackman is one of the most widely followed investment managers in the world. He's in charge of Pershing Square Capital, a hedge fund focused on investing in just a handful of Ackman's best ideas. His highly concentrated portfolio is full of great companies, but he might have just made one stock the biggest holding at Pershing Square.
Billionaire Bill Ackman Buys Billions of Dollars' Worth of Uber Stock
I rated Uber (NYSE: UBER) as my top stock to buy in 2025, so I am not surprised to see the market realize the hidden value in Uber stock. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
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