5 Transportation as a Service Stocks to Buy

Page 5 of 5

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

Number of Hedge Fund Holders: 135    

Uber Technologies, Inc. (NYSE: UBER) is a California-based technology firm that primarily runs a ride-hailing service. It was founded in 2009 and is ranked first on our list of 10 transportation as a service stocks to buy. Uber has returned more than 65% to investors over the past twelve months and the stock has been gaining as the vaccine rollout enables for business activities to resume. In addition to ride-hailing, the firm offers food delivery, package delivery, couriers, and freight transportation as well. 

Uber Technologies, Inc. (NYSE: UBER) posted encouraging earnings results for the first quarter of 2021 in March with gross bookings, food delivery revenue, and mobility trends improving and boding well for the rest of the fiscal year. 

Out of the hedge funds being tracked by Insider Monkey, California-based investment firm Altimeter Capital Management is a leading shareholder in the firm with 28 million shares worth more than $1.4 billion. 

Our calculations show that Uber Technologies, Inc. (NYSE: UBER) ranks 12th in our list of the 30 Most Popular Stocks Among Hedge Funds.

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

Page 5 of 5