Meet the Glorious Growth Stock Billionaire Bill Ackman Is Buying Hand Over Fist

Bill Ackman is the founder and CEO of Pershing Square, a hedge fund with around $12.9 billion in assets under management. That includes billions of dollars invested in popular stocks like Alphabet, Nike, and Chipotle Mexican Grill.On Friday, Feb. 7, Ackman took to social media platform X (formerly Twitter) to reveal that Pershing Square has accumulated 30.3 million shares in Uber Technologies (NYSE: UBER), which operates the world's largest ride-hailing platform. Based on Uber's stock price of $74.60 at the close on Friday, it's now Pershing's largest position with a value of $2.2 billion.Ackman believes Uber is trading at a discount to its intrinsic value, but I think the stock could deliver significant upside over the long term for another reason -- autonomous vehicles, which have the potential to transform the company's economics.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool