Hedge fund mogul Ackman significantly increased his stake in Uber, with a holding value of $2.3 billion, calling it "high quality and low price."
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On Friday, renowned hedge fund manager Bill Ackman revealed that his fund, Pershing Square, has built a position of 30.3 million shares of Uber stock since January, with a market value of $2.3 billion. He believes that Uber is well-managed and that its stock price is still significantly below its intrinsic value, which is extremely rare among large-cap stocks. Ackman praised Uber CEO for transforming the company into a highly profitable, high cash flow enterprise. Following this news, Uber's stock price rose more than 9% at one point on Friday. Since 2025, the stock price has rebounded approximately 25%
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