Harbour Investments Inc. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 34.4% during the fourth quarter, HoldingsChannel reports. The firm owned 23,131 shares of the ride-sharing company’s stock after selling 12,120 shares during the quarter. Harbour Investments Inc.’s holdings in Uber Technologies were worth $1,890,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allstate Corp raised its stake in shares of Uber Technologies by 105.5% during the 4th quarter. Allstate Corp now owns 149,764 shares of the ride-sharing company’s stock worth $12,237,000 after purchasing an additional 76,889 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Uber Technologies by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 49,292 shares of the ride-sharing company’s stock worth $4,028,000 after acquiring an additional 1,035 shares during the last quarter. Choate Investment Advisors increased its holdings in shares of Uber Technologies by 1,906.6% during the 4th quarter. Choate Investment Advisors now owns 91,079 shares of the ride-sharing company’s stock worth $7,442,000 after acquiring an additional 86,540 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of Uber Technologies by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 6,062 shares of the ride-sharing company’s stock worth $495,000 after acquiring an additional 352 shares during the last quarter. Finally, Westover Capital Advisors LLC increased its holdings in shares of Uber Technologies by 33.1% during the 4th quarter. Westover Capital Advisors LLC now owns 8,275 shares of the ride-sharing company’s stock worth $676,000 after acquiring an additional 2,060 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Performance
Shares of NYSE UBER opened at $70.89 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $73.84 and its two-hundred day moving average price is $78.59. 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 $144.31 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 6.01 and a beta of 1.16.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber raised its stake in Delivery Hero to 36.83% amid takeover discussions, reinforcing the company’s push to consolidate in food delivery and potentially expand its international reach. Uber Raises Delivery Hero Stake To 36.83% Amid Takeover Talks
- Positive Sentiment: Uber continues to benefit from strategic partnerships, including a new integration with hotel platform Mews that lets hotels book, track, and bill Uber rides for guests and staff, which could support ride volume growth. Hotel Platform Mews Embeds Uber to Transport Guests and Staff
- Positive Sentiment: Uber was highlighted at the Bernstein Strategic Decisions Conference, where management’s presentation likely kept focus on execution, profitability, and growth strategy for investors. Uber Technologies, Inc. Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
- Neutral Sentiment: Analysts and commentators are debating whether Waymo’s robotaxi progress is a threat to Uber or a sign that ride-hailing demand remains resilient, keeping the competitive narrative in focus. Waymo won’t kill Uber, this investor says
- Neutral Sentiment: Uber also received attention from unusually heavy call-option buying, suggesting traders were positioning for further upside. Trouble With Waymo? Call an Uber
- Negative Sentiment: One note flagged insider stock sales totaling about $4.6 million, which can sometimes be read as a cautious signal even if it does not necessarily change the underlying business outlook. Insiders At Uber Technologies Sold US$4.6m In Stock, Alluding To Potential Weakness
- Negative Sentiment: Uber also faces some scrutiny from reports about customer complaints over Uber One membership charges, which could pressure sentiment if retention or billing issues become a bigger issue. Upset Uber customers charged for monthly memberships they say they never signed up for
Insider Buying and Selling
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s 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 $34,303,284.20. This represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.81% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
UBER has been the topic of a number of recent analyst reports. Wedbush decreased their target price on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Piper Sandler boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada initiated coverage on Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating on the stock. Mizuho decreased 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, The Goldman Sachs Group set a $115.00 target price on Uber Technologies in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $104.97.
Get Our Latest Report on Uber Technologies
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.
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