5 Stocks to Buy Now According to Billionaire David Tepper

In this article, we will be taking a look at the 5 Stocks to Buy Now According to Billionaire David Tepper. To read our analysis of David Tepper’s profile and investment strategy, and also the risk/reward and methodology of this list, you can go to the 10 Stocks to Buy Now According to Billionaire David Tepper.

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

Number of Hedge Fund Holders: 129

Appaloosa Management LP’s Stake Value: $20,460,000

Percentage of Appaloosa Management LP’s 13F Portfolio: 1.28%

San Francisco, California-based, Uber Technologies, Inc. (NYSE:UBER) provides technology platforms matching consumers looking for rides and independent ride services providers. It also offers other forms of transportation including public transit, bikes, and scooters. Other offerings include food delivery on demand, freight services, business fleet services, and same day delivery options. It operates in over 70 countries worldwide and boasted 115 million monthly active platform consumers as of March 31, 2022.

David Tepper’s Appaloosa Management LP owns 1,000,000 shares of Uber Technologies, Inc. (NYSE:UBER), accounting for 1.28% of its 13F portfolio. The hedge fund shed its stake by 51% in Q2 2022, as compared to the previous quarter.

Earlier this year in August, Uber Technologies, Inc. (NYSE:UBER) released its financial results for the quarter ended June 30, 2022. Its total revenue increased by 106% y-o-y to $8.1 billion, while it reported a net loss of $2.6 billion, for the three months. The normalized EPS was recorded at -$0.03 for the quarter, beating the consensus by $0.02.

As of Q2 2022, 129 of the 895 hedge funds tracked by Insider Monkey were long Uber Technologies, Inc. (NYSE:UBER), holding shares worth $5.3 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder with ownership of 24.5 million shares valued at $501 million.