Meet the Glorious Growth Stock Billionaire Bill Ackman Is Buying Hand Over Fist
Bill Ackman is the founder and CEO of Pershing Square, a hedge fund with around $12.9 billion in assets under management. That includes billions of dollars invested in popular stocks like Alphabet, Nike, and Chipotle Mexican Grill.On Friday, Feb. 7, Ackman took to social media platform X (formerly Twitter) to reveal that Pershing Square has accumulated 30.3 million shares in Uber Technologies (NYSE: UBER), which operates the world's largest ride-hailing platform. Based on Uber's stock price of $74.60 at the close on Friday, it's now Pershing's largest position with a value of $2.2 billion.Ackman believes Uber is trading at a discount to its intrinsic value, but I think the stock could deliver significant upside over the long term for another reason -- autonomous vehicles, which have the potential to transform the company's economics.Continue reading
Bill Ackman is the founder and CEO of Pershing Square, a hedge fund with around $12.9 billion in assets under management. That includes billions of dollars invested in popular stocks like Alphabet, Nike, and Chipotle Mexican Grill.
On Friday, Feb. 7, Ackman took to social media platform X (formerly Twitter) to reveal that Pershing Square has accumulated 30.3 million shares in Uber Technologies (NYSE: UBER), which operates the world's largest ride-hailing platform. Based on Uber's stock price of $74.60 at the close on Friday, it's now Pershing's largest position with a value of $2.2 billion.
Ackman believes Uber is trading at a discount to its intrinsic value, but I think the stock could deliver significant upside over the long term for another reason -- autonomous vehicles, which have the potential to transform the company's economics.
