5 New Stock Picks of Ken Fisher

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

Fisher Asset Management’s Stake Value: $635,212,000

Number of Hedge Fund Holders: 143

Uber Technologies, Inc. (NYSE:UBER) is an American on-demand mobility service provider, offering services including vehicle for hire, food delivery, package delivery, courier, and freight transport. Ken Fisher headed into 2022 with a newly acquired stake in Uber Technologies, Inc. (NYSE:UBER), worth $635.2 million, representing 0.35% of the billionaire’s 13F securities for the period. 

Oppenheimer analyst Jason Helfstein on February 4 lowered the price target on Uber Technologies, Inc. (NYSE:UBER) to $50 from $70 and kept an Outperform rating on the shares, citing lower peer valuation. Uber Technologies, Inc. (NYSE:UBER) looks well poised for 2022, the analyst told investors in a research note, adding that Q4 mobility should exceed expectations. 

On January 25, Uber Technologies, Inc. (NYSE:UBER) announced its new partnership with Smart & Final Stores to expand their on-demand and scheduled grocery delivery to customers across the West Coast.

In Q3 2021, 143 hedge funds were bullish on Uber Technologies, Inc. (NYSE:UBER), with collective stakes exceeding $10.76 billion. Altimeter Capital Management held the largest stake in Uber Technologies, Inc. (NYSE:UBER), with 24.50 million shares worth over $1 billion. 

Here is what ClearBridge Large Cap Growth Strategy has to say about Uber Technologies, Inc. (NYSE:UBER) in its Q3 2021 investor letter:

“We have also been looking for multi-year secular trends outside of the IT and Internet sectors to help us maintain a portfolio that can perform well in markets with varied sector or factor leadership. In particular, electrification of the global economy and the transition to electric vehicles (EVs) are areas where we continue to add exposure. We are investing in the brains behind EVs through NXP in the control center and Aptiv for safety features. Global rideshare leader Uber will also be a key player in the transition from internal combustion engines to EVs.”

You can also take a look at 9 Latest Stock Picks of Chinese Billionaire Chen Tianqiao’s Shanda Asset Management and Charlie Munger’s Daily Journal Portfolio: Top Stock Picks.

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