AlTi Global Inc. lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 21.6% during the third quarter, Holdings Channel.com reports. The firm owned 402,166 shares of the ride-sharing company’s stock after selling 111,043 shares during the period. Uber Technologies accounts for about 0.9% of AlTi Global Inc.’s portfolio, making the stock its 21st biggest position. AlTi Global Inc.’s holdings in Uber Technologies were worth $39,400,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in UBER. Brant Point Investment Management LLC purchased a new position in shares of Uber Technologies in the second quarter worth about $933,000. Spirepoint Private Client LLC boosted its holdings in Uber Technologies by 21.9% in the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after buying an additional 13,454 shares during the period. Econ Financial Services Corp bought a new position in Uber Technologies in the 3rd quarter worth approximately $1,538,000. Transcendent Capital Group LLC purchased a new position in Uber Technologies in the 3rd quarter valued at approximately $1,859,000. Finally, Munro Partners bought a new stake in Uber Technologies during the 2nd quarter valued at $96,294,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Price Performance
Shares of NYSE UBER opened at $73.93 on Tuesday. The stock’s 50-day simple moving average is $82.82 and its two-hundred day simple moving average is $89.58. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The firm has a market capitalization of $153.61 billion, a P/E ratio of 15.70, a P/E/G ratio of 6.32 and a beta of 1.21. The company has a quick ratio of 1.15, a current ratio of 1.14 and a debt-to-equity ratio of 0.38.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Agreed to buy Getir’s delivery business in Türkiye for ~$335M — adds food, grocery, retail and water delivery, consolidating Uber’s scale in a fast-growing market and folding Getir and Trendyol Go assets into Uber’s delivery footprint. This accelerates local market share and revenue leverage in Türkiye. Uber to acquire Getir delivery business in Türkiye for $335m
- Positive Sentiment: Expanded autonomous-vehicle rollout with Baidu’s Apollo Go in Dubai — Uber will host fully autonomous rides on its app in Jumeirah soon, extending AV commercialization efforts and potential driver-cost reductions in a regulated market. This accelerates monetization paths for Uber’s AV strategy. Baidu and Uber Partner to Bring Apollo Go Autonomous Ride-hailing to Dubai in collaboration with Dubai’s Roads and Transport Authority
- Positive Sentiment: WeRide partnership to deploy ~1,200 robotaxis in the Middle East — another concrete step in scaling autonomous rides outside the U.S., supporting analyst arguments that AV upside is underappreciated and could materially improve long-term margins. WeRide, Uber To Deploy 1,200 Robotaxis In The Middle East
- Positive Sentiment: Analyst support for AV upside — Bank of America reiterated a Buy stance citing underappreciated autonomous-vehicle potential (price target cited in coverage), which supports a bullish long-term thesis for UBER. Uber: Underappreciated Autonomous Vehicle Upside Supports Buy Rating Despite Near-Term EBITDA Shortfall
- Neutral Sentiment: Q4/earnings call highlighted “profitable growth” and provided Q1 guidance, but the quarter included an EPS miss versus consensus — investors will weigh improving margins and revenue growth against the EPS shortfall when setting near-term expectations. Uber Technologies Earnings Call Highlights Profitable Growth
- Neutral Sentiment: Expanded payments partnership with Adyen to support global rollouts and kiosks — operationally helpful but unlikely to move near-term revenue materially; it supports smoother international expansion. Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber Kiosks
- Negative Sentiment: Citi trimmed its price target on UBER — analyst downgrades or target cuts increase near-term selling pressure and can amplify negative reactions after an EPS miss. Citigroup Cuts Uber Technologies (NYSE:UBER) Price Target to $110.00
Insider Activity at Uber Technologies
In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,875 shares of company stock valued at $1,319,130. 3.70% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on UBER shares. The Goldman Sachs Group set a $125.00 price target on Uber Technologies in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, January 7th. Stifel Nicolaus reduced their target price on Uber Technologies from $122.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, Wolfe Research decreased their price target on Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.89.
Check Out Our Latest Stock Report on Uber Technologies
Uber Technologies 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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