Strong Execution Lifted Uber (UBER) in Q1

Columbia Threadneedle Investments, an investment management company, released its “Columbia Threadneedle Global Technology Growth Strategy” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first quarter of 2025 was challenging for U.S. equities, marked by substantial policy shifts from the new U.S. administration, resulting in declines across all major U.S. indices.  In the quarter, the fund returned -12.26% compared to the S&P Global 1200 Information Technology Index-net’s -11.64%. Security selection drove the fund’s performance relative to the benchmark. In addition, you can check the fund’s top 5 holdings for its best picks for 2025.

In its first-quarter 2025 investor letter, Columbia Threadneedle Global Technology Growth Strategy highlighted stocks such as Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through Mobility, Delivery, and Freight segments. The one-month return of Uber Technologies, Inc. (NYSE:UBER) was -5.02%, and its shares gained 25.19% of their value over the last 52 weeks. On June 9, 2025, Uber Technologies, Inc. (NYSE:UBER) stock closed at $87.12 per share, with a market capitalization of $182.183 billion.

Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q1 2025 investor letter:

“Uber Technologies, Inc. (NYSE:UBER) climbed during the quarter after the company reported quarterly results that featured strong execution, with most reported metrics in-line with or above consensus estimates. The company also offered further details about its sizable robotaxi opportunity, estimated at over $1 trillion in the U.S. alone. Notably this quarter, Uber announced a partnership with Waymo (owned by Google), which is planning a large-scale deployment of robotaxis in select cities in the U.S.”

Analyst Says Market is ‘Underestimating’ Uber Technologies (UBER)

A close up view of a hand holding a smartphone, using a ride sharing app.

Uber Technologies, Inc. (NYSE:UBER) is in 10th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 145 hedge fund portfolios held Uber Technologies, Inc. (NYSE:UBER) at the end of the first quarter, which was 166 in the previous quarter. While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Uber Technologies, Inc. (NYSE:UBER) and shared Sands Capital Select Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.