Pacer Advisors Inc. Reduces Position in Uber Technologies, Inc. $UBER

Pacer Advisors Inc. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,166,806 shares of the ride-sharing company’s stock after selling 183,673 shares during the quarter. Pacer Advisors Inc.’s holdings in Uber Technologies were worth $340,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $2,515,094,000. Marshall Wace LLP grew its position in Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after purchasing an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Uber Technologies by 129.7% during 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 purchasing an additional 5,293,822 shares during the last quarter. Capital Research Global Investors increased its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in Uber Technologies in the fourth quarter valued at $219,079,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UBER shares. BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group set a $115.00 target price on Uber Technologies in a research note on Thursday, May 7th. TD Cowen assumed coverage on Uber Technologies in a report on Monday, May 11th. They issued a “hold” rating on the stock. Finally, US Capital Advisors set a $95.00 price target on Uber Technologies in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.97.

Get Our Latest Analysis on Uber Technologies

Uber Technologies Trading Up 1.4%

NYSE UBER opened at $71.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $146.38 billion, a P/E ratio of 17.93, a P/E/G ratio of 6.03 and a beta of 1.12. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. The firm has a 50-day moving average price of $73.45 and a 200 day moving average price of $76.73.

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

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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