Uber Stock Surges as Ackman's Pershing Square Builds Position in Ride-Hailing Company -- Barrons.com

Dow Jones

Feb 08, 2025

By Mackenzie Tatananni

Uber Technologies stock is trading at a "massive discount," Bill Ackman said Friday as he revealed that his hedge fund had established a significant stake in the ride-hailing company.

In a post on X, the CEO of Pershing Square Capital Management said his hedge fund began buying stock of Uber in January and accumulated a total of 30.3 million shares.

Uber stock jumped 8.3% to $75.76 on Friday. Based on current levels, Pershing Square's stake would be worth around $2.3 billion.

Ackman described Uber as "one of the best managed and highest quality businesses in the world," arguing that its stock could be purchased at a lofty discount to its intrinsic value. "This favorable combination of attributes is extremely rare, particularly for a large cap company," he wrote.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 07, 2025 12:31 ET (17:31 GMT)

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 12:31 ET (17:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GB00BDT5M118.USD","symbol_name":"天利环球扩展Alpha基金A Acc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509875724","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509875724","pubTimestamp":1738949460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Uber Technologies stock is trading at a \"massive discount,\" Bill Ackman said Friday as he revealed that his hedge fund had established a significant stake in the ride-hailing company.In a post on X, the CEO of Pershing Square Capital Management said his hedge fund began buying stock of Uber in January and accumulated a total of 30.3 million shares.Uber stock jumped 8.3% to $75.76 on Friday. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2025 12:31 ET (17:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}