Strong Results Lifted Uber Technologies (UBER) in Q1

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q1 2025 investor letter. A copy of the letter can be downloaded here. The market faced a challenging start to 2025, with the S&P 500 Index declining 4.27% and the Russell 1000 Growth Index falling 9.97% in the first quarter. Against this backdrop, the fund dropped 7.21%, outperforming its growth benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, RiverPark Large Growth Fund highlighted stocks such as Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications that operates through Mobility, Delivery, and Freight segments. The one-month return of Uber Technologies, Inc. (NYSE:UBER) was -1.49%, and its shares gained 31.93% of their value over the last 52 weeks. On May 30, 2025, Uber Technologies, Inc. (NYSE:UBER) stock closed at $84.16 per share, with a market capitalization of $175.993 billion.

RiverPark Large Growth Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q1 2025 investor letter:

“Uber Technologies, Inc. (NYSE:UBER) was our top contributor in the first quarter. The company delivered another strong set of results driven by both its Mobility and Delivery segments, with continued user growth and rising per-user monetization. Uber’s focus on operational efficiency led to further improvements in margins and free cash flow, reinforcing the company’s transformation from a growth-at-any-cost story to one of sustainable profitability. With its dominant global network, embedded user base, and optionality in emerging services like grocery delivery and local commerce, we continue to view Uber as a long-term compounder.”

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 Broyhill Asset Management’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.