Robinhood Asset Management LLC Makes New $10.88 Million Investment in Uber Technologies, Inc. $UBER

Robinhood Asset Management LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 133,204 shares of the ride-sharing company’s stock, valued at approximately $10,884,000. Uber Technologies makes up about 0.9% of Robinhood Asset Management LLC’s holdings, making the stock its 25th biggest position.

A number of other hedge funds have also added to or reduced their stakes in UBER. Vanguard Group Inc. raised its stake in Uber Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after buying an additional 1,277,322 shares in the last quarter. Northern Trust Corp boosted its position in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares in the last quarter. Capital World Investors grew its holdings in shares of Uber Technologies by 1.1% during the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock worth $1,667,121,000 after acquiring an additional 182,976 shares during the period. Legal & General Group Plc raised its position in shares of Uber Technologies by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company’s stock worth $1,311,457,000 after acquiring an additional 867,719 shares in the last quarter. Finally, Boston Partners raised its position in shares of Uber Technologies by 2.9% in the 3rd quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company’s stock worth $923,919,000 after acquiring an additional 263,824 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UBER shares. UBS Group set a $111.00 price target on Uber Technologies in a research report on Monday, February 2nd. Roth Mkm set a $105.00 price objective on Uber Technologies in a research report on Thursday, February 5th. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 target price on shares of Uber Technologies in a report on Thursday, February 5th. Cantor Fitzgerald decreased their price target on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.14.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated 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 directly owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 0.4%

Shares of NYSE:UBER opened at $72.15 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $74.08 and a two-hundred day simple moving average of $84.05. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The stock has a market capitalization of $147.40 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 6.57 and a beta of 1.21.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The company had revenue of $14.37 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.