5 Best TaaS Stocks to Buy Now

In this piece, we will take a look at the five best TaaS stocks to buy now. For more stocks, head on over to 12 Best TaaS Stocks to Buy Now.

5. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Investors In Q4 2022: 41

Aptiv PLC (NYSE:APTV) is an Irish company headquartered in Dublin. The firm makes and sells products for autonomous vehicles. These include control units, perception systems, sensors, and software tools.

Aptiv PLC (NYSE:APTV) saw considerable favorable attention from Wall Street in February 2023 with multiple price target hikes. One of these came from Wells Fargo which increased the share price target to $120 from $115, citing confidence in the firm’s margins. 41 of the 943 hedge funds polled by Insider Monkey had bought a stake in the company in Q4 2022, with Ian Simm’s Impax Asset Management being Aptiv PLC (NYSE:APTV)’s largest shareholder through a $477 million stake.

4. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Number of Hedge Fund Investors In Q4 2022: 44

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a vehicle renting company headquartered in Estero, Florida. The firm provides vehicles for rent under different brands both in the U.S. and in other countries.

By the end of last year’s fourth quarter, 44 of the 943 hedge funds surveyed by Insider Monkey had invested in Hertz Global Holdings, Inc. (NASDAQ:HTZ). The firm’s largest hedge fund shareholder is Tom Wagner and Ara Cohen’s Knighthead Capital which owns 181 million shares that are worth $2.7 billion.

3. Lyft, Inc. (NASDAQ:LYFT)

Number of Hedge Fund Investors In Q4 2022: 45

Lyft, Inc. (NASDAQ:LYFT) is one of the largest ridesharing service providers in the world. The firm’s software application allows users to book rides and rent vehicles. The company is headquartered in San Francisco, California.

Lyft, Inc. (NASDAQ:LYFT) scored a win in March 2023 when a California court said the company can treat its drivers as independent contractors. As of Q4 2022, 45 of the 943 hedge funds surveyed by Insider Monkey had owned the company’s shares. Lyft, Inc. (NASDAQ:LYFT)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 10.9 million shares that are worth $121 million.

2. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Investors In Q4 2022: 83

Union Pacific Corporation (NYSE:UNP) is an American company headquartered in Omaha, Nebraska. The firm provides railroad transportation services for dry and wet goods and has a network covering tens of thousands of miles.

Insider Monkey dug through 943 hedge fund portfolios for last year’s fourth quarter and found out that 83 had bought a stake in the company. Union Pacific Corporation (NYSE:UNP)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 5.4 million shares that are worth $1.1 billion.

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

Number of Hedge Fund Investors In Q4 2022: 135

Uber Technologies, Inc. (NYSE:UBER) provides an online platform that allows riders and drivers to connect with each other. The firm also provides other services such as delivering food and groceries. It is headquartered in San Francisco, California.

By the end of Q4 2022, 135 of the 943 hedge funds polled by Insider Monkey had invested in Uber Technologies, Inc. (NYSE:UBER). Out of these, the firm’s largest shareholder is Ken Fisher’s Fisher Asset Management which owns 20 million shares that are worth $497 million.

Disclosure: None. You can also take a look at 10 Hot Growth Stocks To Buy Now and Top 10 Growth Stocks in Cybersecurity.

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