Uber Stock Spikes 9%as Bill Ackman reveals $ 2.3 billion stock

On By Littum

Topline

Billionaire Bill Ackman revealed on Friday that his hedge fund made a great effort on riding that paid tribute to giant Uber, which helped increase shares in the San Francisco-based company to their highest level in months as part of a whirlwind week for Uber Stock .

Key facts

Ackman’s Pershing Square Capital Management owns 30.3 million shares in Uber, after starting this share in early January, billionaire Sent To x late Friday morning.

Pershing is the owner of a 1.4% Uber Stake worth $ 2.3 billion from 1 p.m. 13:30 Est.

Shares of Uber jumped almost 3% after Ackman’s announcement and extended his Friday gain to 9% and vaulted the stock at its highest intraday share price since October 30, 2024.

The Uber share has risen by 14% this week and clings to about $ 20 billion in market value, a massive turn after shares that were refueled 8% Wednesday after the company reported earnings before getting at least 8% each of the Two last trade sessions.

Uber deals with a “massive discount on its inherent value”, making it an “extremely rare” investment option for a company of its size, Ackman explained.

Surprising fact

Uber was the top priestly large share on Friday and moved towards a wider sale associated with customs and inflation sagita. Uber’s rally easily surpassed the return of the other 100 S&P 500 companies worth at least $ 100 billion, with AI-focused government contractor Palantir, who checks in as the next best artist with a win of 4%.

Key

Ackman’s assessment of Uber reflects the growing consensus that the long -term cash burning business has actually grown to be one of the cheapest large shares compared to its bottom line. Uber trades with 18.7 times its free cash flow last quarter, a fraction of other remarkable technology stores such as Tesla (397 price-to-free-cash flow), Palantir (168) and Nvidia (62). Uber generated $ 6.9 billion in cash in 2024, more than twice its $ 3.4 billion in 2023., which limited a massive turn from Uber’s first four years as a public company when it burned nearly 9 billion dollars cash from 2019 to 2023.

Forbes value

Ackman is worth $ 9.3 billion, making him the 291 -ladder in the world, according to Forbes’ latest estimate.

Key background

Pershing Square had $ 18.6 billion of assets under management from last April with efforts in other US companies, including Google Parent Alphabet and Chipotle. Ackman is among the most obvious individuals in Finance, with 1.6 million followers on Elon Musk’s social media platform. A Jewish Harvard University candidate, Ackman, was one of the most instrumental voices in pushback against Ivy League universities for their handling of anti-Israeli campus protests, a saga culminating with the resignation of Harvard President Claudine-Homosexual early last year. Last July, Pershing Square plans for an original public offer in New York to become Ackman’s equivalent by Warren Buffett’s Berkshire Hathaway, a step that Reported come due to weaker than expected demand for the investor. Formerly a supporter of democratic reasons Ackman approved President Donald Trump in July and donated more than $ 100,000 to Pro-Trump groups.