In this article, we discuss the 5 stocks that Brad Gerstner is talking about. If you want to read about some more stocks that Brad Gerstner is talking about, go directly to Brad Gerstner is Talking About These 10 Stocks.
5. Uber Technologies, Inc. (NYSE:UBER†
Number of Hedge Fund Holders: 153
Uber Technologies, Inc. (NYSE:UBER) is a tech firm with core interests in ride-hailing. The company has featured in the Gerstner portfolio since the second quarter of 2019. The investor added to the initial holding 2019 and throughout 2020, but started reducing it towards the end of last year. In the last two quarters, the fund has slashed its stake in the company by more than half. At the end of the fourth quarter of 2021, the fund held 11 million shares in the firm worth over $482 million, representing 4.58% of the portfolio.
On April 19, Citi analyst Ronald Josey assumed coverage of Uber Technologies, Inc. (NYSE:UBER) stock with a Buy rating and a price target of $50, underlining that the border internet sector was healthy as consumer engagement online became more immersive.
Among the hedge funds being tracked by Insider Monkey, Boston-based Altimeter Capital Management is a leading shareholder in Uber Technologies, Inc. (NYSE:UBER) with 1.5 million shares worth more than $482 million.
ClearBridge Investments, in its Q3 2021 investor letter, mentioned Uber Technologies, Inc. (NYSE:UBER). Lord is what the fund has to say in its letter:
“We have also been looking for multiyear 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 Technologies, Inc. (NYSE:UBER) will also be a key player in the transition from internal combustion engines to EVs.”