Key Takeaways:
- Uber has attracted Bill Ackman’s Pershing Square, which sees the stock as undervalued with strong long-term growth potential.
- Skechers, backed by billionaire investor Andreas Halvorsen, trades at just 13 times earnings, and analysts see about 30% upside.
- Warren Buffett’s Berkshire Hathaway added to its Occidental Petroleum position last quarter. Today, analysts forecast about 25% upside for the stock.
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Billionaire investors often have access to market insights that retail investors simply don’t. This means it makes sense to watch what billionaire investors are buying.
Here are three stocks that billionaires like Warren Buffett and Bill Ackman have recently bought.
The first two stocks look the most interesting, but Stock #3 is especially intriguing given Buffett’s continued purchases.
1: Uber Technologies (UBER)
Uber has transformed the transportation industry, and now billionaire investor Bill Ackman has made a major bet on the company.
Ackman’s hedge fund, Pershing Square, recently bought 30.3 million shares because Ackman believes that Uber is trading at a massive discount to its intrinsic value.
Why investors are watching Uber:
- Analysts think the stock has nearly 20% upside today.
- Beyond ride-sharing, Uber Eats, freight services, and its self-driving partnership with Waymo provide additional growth opportunities.
With Ackman making a large investment, Uber remains a stock to watch for long-term upside.
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2: Skechers U.S.A. (SKX)
Skechers has quietly delivered over 100% returns in the past five years, but billionaire investor Andreas Halvorsen’s Viking Global believes it still has room to grow. Viking Global invsted over $200M in the stock last quarter.
Why Skechers looks attractive:
- Skechers looks undervalued, trading at just 13 times earnings. Analysts expect earnings to average over 15% annual growth over the next 3 years.
- Analysts think the stock has about 30% upside from current levels.
- The company has strong brand recognition and growing international sales.
With a low valuation for a consumer brand, Skechers could offer strong returns for long-term investors.
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3: Occidental Petroleum (OXY)
Occidental Petroleum continues to be a top holding for Warren Buffett’s Berkshire Hathaway, and Buffett added to his position last quarter.
Berkshire only increased its position by less than 1% last quarter, which isn’t groundbreaking by itself. However, the stock now trades around its 52 Week Low, which means the stock is being offered at a better price than what Berkshire bought it for:
Why Occidental Petroleum stands out:
- Berkshire is holding over $300 billion in cash. They’ve proven that they’re comfortable holding cash, but they like OXY enough to keep buying shares.
- As oil and gas remain essential, OXY provides stable cash flow and long-term value.
- Analysts think the stock has about 25% upside today.
Buffett’s continued interest in Occidental suggests that he sees more upside in energy stocks, making this a compelling pick for value investors.
Find stocks that analysts think have major upside >>>
TIKR Takeaway
Uber, Skechers, and Occidental Petroleum have all caught the attention of top investors, with analysts also seeing upside in these stocks today.
The TIKR Terminal offers industry-leading financial data on over 100,000 stocks and was built for investors who think of buying stocks as buying a piece of a business.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. We aim to provide informative and engaging analysis to help empower individuals to make their own investment decisions. Neither TIKR nor our authors hold positions in any of the stocks mentioned in this article. Thank you for reading, and happy investing!
