Commerzbank Aktiengesellschaft FI increased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 130.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,097 shares of the ride-sharing company’s stock after acquiring an additional 32,274 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Uber Technologies were worth $4,665,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $25,000. Imprint Wealth LLC acquired a new stake in Uber Technologies during the 3rd quarter valued at $32,000. Ares Financial Consulting LLC acquired a new stake in Uber Technologies during the 4th quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Uber Technologies during the 3rd quarter valued at $34,000. Finally, Archer Investment Corp grew its holdings in Uber Technologies by 33.2% during the 3rd quarter. Archer Investment Corp now owns 473 shares of the ride-sharing company’s stock valued at $46,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Trading Up 0.7%
Shares of Uber Technologies stock opened at $75.23 on Friday. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week high of $101.99. The firm has a market cap of $153.14 billion, a PE ratio of 18.76, a P/E/G ratio of 5.74 and a beta of 1.16. The business’s fifty day moving average is $74.19 and its two-hundred day moving average is $80.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41.
Analyst Ratings Changes
UBER has been the topic of a number of analyst reports. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday. Roth Mkm set a $105.00 target price on Uber Technologies in a report on Thursday, February 5th. Canaccord Genuity Group set a $72.00 target price on Uber Technologies in a report on Thursday, February 5th. Mizuho lowered their target price on Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, HSBC cut Uber Technologies to a “reduce” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.11.
Get Our Latest Analysis on UBER
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s Uber One subscription program reached 50 million members, highlighting stronger customer loyalty and a potentially more durable recurring revenue stream. Uber just hit an impressive 50M milestone
- Positive Sentiment: Fox Advisors upgraded Uber to Outperform and set a $95 price target, reflecting confidence in the company’s investment strategy and future earnings power. Uber Technologies (UBER) – Among the 10 Best Stocks to Buy Now for a $1 Million Portfolio
- Positive Sentiment: Uber announced plans to open two campuses in India and expand infrastructure support there, which could strengthen product development and operating efficiency over time. Uber to open 2 campuses in India to support product development, operations
- Neutral Sentiment: Several articles continue to frame Uber as a long-term “super app” or autonomy winner, but these are mostly strategic narratives rather than immediate catalysts. Can Uber Make an “Everything” App?
- Negative Sentiment: SoftBank’s Q1 portfolio update showed a complete exit from Uber, which may weigh on sentiment because it removes a notable institutional backer. SoftBank (SFTBY) Dumps Uber and Lemonade, Slashes T-Mobile Holdings in Q1 Portfolio Overhaul
- Negative Sentiment: Reports about tension in the Uber-Waymo partnership and criticism of autonomous-vehicle rollout could raise concerns about the pace and competitiveness of Uber’s self-driving strategy. Uber-Waymo Partnership On The Rocks? Exec Shares ‘Scary’ SF Robotaxi Moment, Slam AV Rollout
Insiders Place Their Bets
In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.
About Uber Technologies
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.
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