Bill Akman, CEO of Pershing Square Capital Management, speaking at the Alpha Delivery Conference in New York City on September 28, 2023.
Adam Jeffrey CNBC
On Friday, Bill Akkal revealed that he built a large share in UberThe arrow’s saying is still trading with a “huge” discount.
In a post on X, the hedge fund manager said that his fund began to buy Uber shares in early January, and he raised 30.3 million shares, at a value of $ 2.3 billion based on the current level of the share about $ 75 per share.
“We believe that Uber is one of the best managed companies and the highest quality in the world,” Akman said in this position. “Noticeably, it is still possible to buy it with a huge discount on its fundamental value. This positive mixture of features is very rare, especially for the large CAP.”
Uber’s shares rose more than 8 % on Friday. The stock achieved great success on Wednesday, as it decreased by 7.5 %, after the passenger participation company provided soft directives and published Miss profits.
The stock rose about 25 % in 2025 after 2024 disappointments, as the shares decreased by 2 %.
Uber
The Pershing Square hedgebox has a concentrated wallet with 10 shares holders including the new Uber session. As of the end of September, the biggest reservation in Birching was the father of Google alphabet. Brookfieldand Hilton hotels and Mexican Chipotle grill It was also his supreme property.
Akman said that he was an investor on the first day in Uber through a small investment in a legitimate fund, and praised the efforts of Dara Khusushhahi’s CEO to advance growth.
Akman said: “I was a client and a long -term customer for a start when Edward Norton showed me the application in his early days,” Akman said. “Since joining the company in 2017, the CEO of Dara Khosrowshahi has done a great job in turning the company into a very profitable and critical growth machine.”
