Royal London Asset Management Ltd. Decreases Stake in Uber Technologies, Inc. $UBER

Royal London Asset Management Ltd. lowered its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,001,161 shares of the ride-sharing company’s stock after selling 8,077 shares during the period. Royal London Asset Management Ltd.’s holdings in Uber Technologies were worth $81,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBER. Norges Bank purchased a new position in Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in 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 worth $776,883,000 after acquiring an additional 5,293,822 shares during the period. Capital Research Global Investors boosted its holdings in Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Egerton Capital UK LLP purchased a new position in Uber Technologies in the 4th quarter worth approximately $219,079,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Uber Technologies by 65.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,902,660 shares of the ride-sharing company’s stock worth $400,596,000 after acquiring an additional 1,935,832 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies 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 sale, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.81% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

UBER stock opened at $68.67 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market cap of $139.79 billion, a P/E ratio of 17.13, a P/E/G ratio of 5.91 and a beta of 1.12. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The stock’s 50 day simple moving average is $73.41 and its 200 day simple moving average is $77.16.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Trending Headlines about Uber Technologies

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HSBC cut Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research note on Monday, June 1st. Wolfe Research set a $100.00 target price on Uber Technologies in a research note on Friday, May 29th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, April 28th. Finally, TD Cowen began coverage on Uber Technologies in a research note on Monday, May 11th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.97.

View Our Latest Report on UBER

Uber Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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