Titan Global Capital Management USA LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,129 shares of the ride-sharing company’s stock after purchasing an additional 8,449 shares during the period. Uber Technologies accounts for 2.9% of Titan Global Capital Management USA LLC’s portfolio, making the stock its 15th largest holding. Titan Global Capital Management USA LLC’s holdings in Uber Technologies were worth $19,646,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the period. Caxton Associates LLP acquired a new stake in Uber Technologies during the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Uber Technologies during the 2nd quarter valued at $842,000. 80.24% of the stock is owned by institutional investors.
Uber Technologies Stock Performance
Shares of NYSE UBER opened at $72.22 on Tuesday. 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 firm has a market cap of $147.02 billion, a price-to-earnings ratio of 18.01 and a beta of 1.12. The stock’s fifty day moving average price is $72.64 and its two-hundred day moving average price is $75.03. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99.
Wall Street Analysts Forecast Growth
UBER has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. KeyCorp decreased their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $104.65.
Get Our Latest Report on Uber Technologies
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s stock is being viewed as attractively valued ahead of a major investor update, which could help support shares if management reinforces its growth outlook. Should You Buy Uber Stock Before the Huge Investor Update?
- Positive Sentiment: Uber continues to expand Uber Eats into retail, adding Foot Locker, Kids Foot Locker, and Champs Sports across more than 1,000 U.S. locations, which broadens the delivery platform beyond restaurant food. Uber Expands Uber Eats Retail Reach With Foot Locker And 1,000 Stores
- Positive Sentiment: Analysts remain constructive after Uber’s $13.7 billion Delivery Hero acquisition, with several still assigning Buy ratings and price targets as high as $125, suggesting confidence in the company’s growth strategy. Uber Stock: Analysts Remain Confident Following $13.7B Delivery Hero Acquisition
- Neutral Sentiment: Uber’s coverage was initiated by Wedbush, adding another Wall Street opinion to the name, though the provided summary does not indicate whether the stance was bullish or bearish. Uber Technologies Research Coverage Started at Wedbush
- Negative Sentiment: Some investors are worried that driverless technology could erode Uber’s competitive advantage over time, which is a key overhang on the stock. Should You Buy Uber Stock Before the Huge Investor Update?
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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