5 Stocks to Invest In Now According to David Thomas’s Atalan Capital

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In this article, we discuss the top 5 stock picks of David Thomas’s Atalan Capital. To read our detailed analysis of Thomas’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Invest In Now According to David Thomas’s Atalan Capital.

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

Atalan Capital’s Stake Value: $120.06 million

Percentage of Atalan Capital’s 13F Portfolio: 7.48%

Number of Hedge Fund Holders: 143

Uber Technologies, Inc. (NYSE:UBER) is next on the list of top stocks to buy according to David Thomas’s Atalan Capital. As of the end of September, Thomas owns 2.68 million shares in the company, valued at $120.06 million. This is an increase of 28% over the last quarter, where Thomas’s Atalan Capital reported ownership of 2.1 million shares in Uber Technologies, Inc. (NYSE:UBER).

On January 31, Cowen analyst John Blackledge lowered the firm’s price target on Uber Technologies, Inc. (NYSE:UBER) to $76 from $82, whilst maintaining an ‘Outperform’ rating on the company shares. The analyst expects gross bookings for Q4 to be just above estimates on the back of a recovery in the mobility sector, but lowered future estimates due to the spread of Omicron.

Out of 867 elite hedge funds tracked by Insider Monkey, 143 held stakes in Uber Technologies, Inc. (NYSE:UBER) at the close of the third quarter, showing a bullish trend from last quarter where 135 hedge funds held stakes in the company. 

ClearBridge Investments talked about Uber Technologies, Inc. (NYSE:UBER) in its third-quarter investor letter. Here’s what it said:
“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 will also be a key player in the transition from internal combustion engines to EVs.”

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