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Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Alpha Deliver Conference in New York City on September 28, 2023.
Adam Jeffery | CNBC
Bill Ackman by Pershing Square revealed on Friday that he created a significant participation in Supersaying that actions are still quoted with a “massive” discount.
In a publication on X, the coverage fund manager said that its fund began buying Uber shares in early January and has accumulated 30.3 million shares, with a value of $ 2.3 billion depending on the current level of the action around $ 75 per share.
“We believe that Uber is one of the best quality companies and the highest quality in the world,” Ackman said in the position. “Surprisingly, you can still buy with a massive discount of its intrinsic value. This favorable combination of attributes is extremely rare, particularly for a large capitalization company.”
Uber actions increased more than 8% on Friday. The action had received a blow on Wednesday, falling 7.5%, after the shared travel company He offered soft guidance and published a profit failure.
The action has recovered around 25% in 2025 after a disappointing 2024 where the shares fell 2%.
Super
The Pershing Square coverage fund has a concentrated portfolio with 10 stocks of shares, including the new Uber stake. At the end of September, Pershing’s greatest possession was Google’s father Alphabet. Brookfield, Hilton hotels and Chipotle Mexican grill They were also its main properties.
ACKMAN said it was a day investor in Uber through a small investment in a risk fund, and praised the efforts of CEO Dara Kosrowshahi to boost growth.
“I have been a long -term Uber client and admirer when Edward Norton showed me the application in his early days,” said ACKMAN. “Since he joined the company in 2017, Dara Kosrowshahi CEO has done an excellent job when transforming the company into a highly profitable and generative growth machine.”