By Chibuike Oguh
NEW YORK, Feb 7 (Reuters) - Shares of Uber Technologies UBER.N jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a position in the ride sharing platform.
In a post on social media platform X, Ackman said he began acquiring a stake in Uber in early January and now owns 30.3 million shares in the company.
"While a great business, Uber suffered from erratic management," said Ackman, who is the founder and chief executive of New York-based Pershing Square Capital Management.
"Since he joined the company in 2017, Dara Khosrowshahi (Uber) CEO has done a superb job in transforming the company into a highly profitable and cash-generative growth machine."
Ackman's stake is worth about $2.3 billion.
Uber shares jumped nearly 10% to as high as $76.76, the highest level since October 30, giving it a market capitalization of about $161 billion. The company's shares have gained nearly 26% so far this year. It lost 2% in 2024.
Earlier this week, Uber beat estimates with a 20% jump in fourth quarter revenue to $11.96 billion. Its adjusted net profit of 23 cents, however, missed analyst expectations of 50 cents, according to LSEG data.
(Reporting by Chibuike Oguh in New York; Editing by Nia Williams)
((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。