5 Best Stocks For Long Term Growth

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

Number of Hedge Fund Holders: 129

P/E Ratio: 89.39

Headquartered in San Francisco, California, Uber Technologies, Inc. (NYSE:UBER) operates technology platforms connecting consumers with independent ride service providers, offering various transportation modes such as public transit, bikes, and scooters. Additionally, Uber provides on-demand food delivery, freight services, business fleet solutions, and same-day delivery options, catering to over 142 million monthly active platform consumers across 70 countries.

In Q4 2023, Uber Technologies, Inc. (NYSE:UBER) reported a notable 22% year-over-year increase in gross bookings, amounting to $37.6 billion, with trips growing by 24% year-over-year to 2.6 billion, averaging approximately 28 million trips per day. On February 7, the company announced a Q4 GAAP EPS of $0.66 and revenue of $9.9 billion, surpassing Wall Street estimates by $0.49 and $140 million, respectively.

Insider Monkey’s analysis of 933 hedge fund portfolios for the December quarter of 2023 revealed that 129 funds held a stake in Uber Technologies, Inc. (NYSE:UBER).