5 Best Gig Economy Stocks To Invest In

2. Uber Technologies Inc (NYSE:UBER)

Number of Hedge Fund Investors: 135

Last year, Uber said about 5 million people are providing ride-hailing or food delivery services using Uber. In February the company posted strong Q4 results as it said active drivers hit an all-time high during the quarter. Uber achieved the milestone of hitting 2 billion trips in a single quarter for the first time.

Out of the 943 hedge funds tracked by Insider Monkey, 135 hedge funds had stakes in the company. The biggest hedge fund stakeholder of the company was Panayotis Takis Sparaggis’s Alkeon Capital which Management which owns a $317 million stake.