5 Best US Stocks For Foreign Investors

In this article, we discuss the 5 best US stocks for foreign investors. If you want to read about some more US stocks that foreigners should consider for their portfolios, go directly to the 14 Best US Stocks For Foreign Investors.

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

Number of Hedge Fund Holders: 146

Quarterly Revenue Growth: 15.44%

Based in San Francisco, California, Uber Technologies, Inc. (NYSE:UBER) operates tech platforms connecting consumers with independent ride service providers, extending its reach to various transportation modes like public transit, bikes, and scooters. Additionally, Uber offers on-demand food delivery, freight services, business fleet solutions, and same-day delivery options, serving over 142 million monthly active platform consumers across 70 countries.

In Q4 2023, Uber reported a 22% year-over-year increase in gross bookings, totaling $37.6 billion, with trips growing by 24% year-over-year to 2.6 billion. This translates to an average of approximately 28 million trips per day. On February 7, Uber Technologies, Inc. (NYSE:UBER) announced a Q4 GAAP EPS of $0.66 and revenue of $9.9 billion, surpassing Wall Street estimates by $0.49 and $140 million, respectively.

Insider Monkey’s Q3 database revealed bullish sentiment from 146 hedge funds towards Uber Technologies, Inc. (NYSE:UBER), compared to 144 funds in the previous quarter. The largest stakeholder, Brad Gerstner’s Altimeter Capital Management, holds 13.3 million shares valued at $613.35 million.