Buck Wealth Strategies LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 92.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,996 shares of the ride-sharing company’s stock after purchasing an additional 8,149 shares during the period. Buck Wealth Strategies LLC’s holdings in Uber Technologies were worth $1,389,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after acquiring an additional 5,293,822 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Uber Technologies by 4,471.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after purchasing an additional 2,901,936 shares during the last quarter. C WorldWide Group Holding A S bought a new stake in Uber Technologies in the third quarter worth about $173,776,000. Vanguard Group Inc. increased its position in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Uber Technologies during the third quarter worth approximately $151,979,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Performance
Shares of UBER stock opened at $75.50 on Friday. The firm’s 50 day moving average price is $74.17 and its 200-day moving average price is $80.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. The firm has a market cap of $153.69 billion, a P/E ratio of 18.83, a P/E/G ratio of 5.88 and a beta of 1.16.
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber beat Q1 earnings expectations and issued a stronger-than-expected Q2 bookings outlook, suggesting continued demand in rideshare, delivery, and freight. Uber Jumps 7.6% After Stronger-Than-Expected Bookings Forecast
- Positive Sentiment: Uber Eats expanded its retail reach by adding more than 1,500 Ulta Beauty stores, which could boost same-day delivery volume and support growth beyond restaurant delivery. Uber Eats and Ulta Beauty Team Up to Deliver Beauty Essentials Nationwide
- Positive Sentiment: Uber One surpassed 50 million members, and those members now drive a large share of gross bookings, reinforcing the value of Uber’s subscription and loyalty ecosystem. Uber One Crosses 50 Million Members and Signals a Fundamental Business Transformation
- Positive Sentiment: Several analysts raised price targets or reiterated bullish ratings after the earnings report, signaling higher expectations for Uber’s long-term profitability and platform strength. Uber Zooms Ahead On Platform Strength, Analysts Revise Estimates After Q1 Print
- Neutral Sentiment: Uber-backed Lime filed for an IPO after revenue growth, which highlights the value of Uber’s broader mobility ecosystem, but it is not a direct near-term driver for Uber’s core earnings. Lime Files IPO After Revenue Climbs To $886.7 Million
- Neutral Sentiment: Uber’s management continued to emphasize autonomous vehicles as a long-term opportunity, but investors are still waiting for that potential to translate into clear financial results. Uber CEO Dara Khosrowshahi Sees ‘Trillion-Dollar’ Self-Driving Opportunity
- Negative Sentiment: News that Uber partner Avride is under investigation for self-driving crashes adds fresh caution around the autonomous-vehicle theme, which could weigh on sentiment toward Uber’s robotaxi strategy. Uber partner Avride is under investigation for self-driving crashes
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings lowered shares of Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Canaccord Genuity Group set a $72.00 price objective on shares of Uber Technologies in a report on Thursday, February 5th. Wells Fargo & Company lifted their price objective on Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Uber Technologies in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.40.
Check Out Our Latest Analysis on UBER
Insider Buying and Selling
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of Uber Technologies stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the acquisition, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by corporate insiders.
Uber Technologies Company Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
See Also
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