5 Best Delivery Stocks to Buy According to Hedge Funds

2. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 129

Uber Technologies, Inc. (NYSE:UBER) is widely recognized for its ride-sharing service. However, the company has made a substantial impact with Uber Eats, its food delivery service. Uber Eats operates in numerous cities globally. It offers a platform for restaurants to deliver food to customers efficiently. Uber Technologies, Inc. (NYSE:UBER) continues to innovate in the delivery space. It is exploring autonomous delivery technologies and expanding its delivery services beyond food.

Hedge fund holdings in Uber Technologies, Inc. (NYSE:UBER) decreased from 146 to 129 in Q4 2023. Despite the reduced number of hedge funds, the total value of hedge fund holdings increased from around $8.1 billion to $8.7 billion.