Inspire Trust Co. N.A. raised its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,049 shares of the ride-sharing company’s stock after acquiring an additional 13,049 shares during the period. Inspire Trust Co. N.A.’s holdings in Uber Technologies were worth $5,560,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at about $32,000. Finally, Hager Investment Management Services LLC grew its position in Uber Technologies by 276.2% during the fourth quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 359 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Performance
NYSE:UBER opened at $70.89 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 50-day moving average price of $73.84 and a two-hundred day moving average price of $78.59. Uber Technologies, Inc. has a twelve month low of $68.46 and a twelve month high of $101.99. The company has a market capitalization of $144.31 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 6.01 and a beta of 1.16.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber raised its stake in Delivery Hero to 36.83% amid takeover discussions, reinforcing the company’s push to consolidate in food delivery and potentially expand its international reach. Uber Raises Delivery Hero Stake To 36.83% Amid Takeover Talks
- Positive Sentiment: Uber continues to benefit from strategic partnerships, including a new integration with hotel platform Mews that lets hotels book, track, and bill Uber rides for guests and staff, which could support ride volume growth. Hotel Platform Mews Embeds Uber to Transport Guests and Staff
- Positive Sentiment: Uber was highlighted at the Bernstein Strategic Decisions Conference, where management’s presentation likely kept focus on execution, profitability, and growth strategy for investors. Uber Technologies, Inc. Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
- Neutral Sentiment: Analysts and commentators are debating whether Waymo’s robotaxi progress is a threat to Uber or a sign that ride-hailing demand remains resilient, keeping the competitive narrative in focus. Waymo won’t kill Uber, this investor says
- Neutral Sentiment: Uber also received attention from unusually heavy call-option buying, suggesting traders were positioning for further upside. Trouble With Waymo? Call an Uber
- Negative Sentiment: One note flagged insider stock sales totaling about $4.6 million, which can sometimes be read as a cautious signal even if it does not necessarily change the underlying business outlook. Insiders At Uber Technologies Sold US$4.6m In Stock, Alluding To Potential Weakness
- Negative Sentiment: Uber also faces some scrutiny from reports about customer complaints over Uber One membership charges, which could pressure sentiment if retention or billing issues become a bigger issue. Upset Uber customers charged for monthly memberships they say they never signed up for
Insiders Place Their Bets
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were 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 directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.81% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on UBER shares. Needham & Company LLC restated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler upped their target price on shares of Uber Technologies from $100.00 to $105.00 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 shares of Uber Technologies in a research report on Thursday, May 7th. Finally, Guggenheim restated a “buy” rating and set a $125.00 target price on shares of Uber Technologies in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.97.
Check Out Our Latest Stock Analysis on Uber Technologies
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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