Total Wealth Planning & Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,680 shares of the ride-sharing company’s stock, valued at approximately $954,000.
Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Uber Technologies by 1.1% in the third quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company’s stock worth $365,479,000 after purchasing an additional 42,278 shares during the last quarter. Longbow Finance SA increased its position in shares of Uber Technologies by 51.8% in the third quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company’s stock worth $11,001,000 after purchasing an additional 38,304 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $1,220,000. Finally, Varma Mutual Pension Insurance Co increased its position in shares of Uber Technologies by 13.8% in the third quarter. Varma Mutual Pension Insurance Co now owns 297,892 shares of the ride-sharing company’s stock worth $29,184,000 after purchasing an additional 36,100 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.
Uber Technologies Stock Up 0.8%
Shares of NYSE UBER opened at $72.23 on Friday. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. 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’s 50 day simple moving average is $73.57 and its two-hundred day simple moving average is $77.85. The stock has a market capitalization of $147.04 billion, a P/E ratio of 18.01, a PEG ratio of 6.10 and a beta of 1.12.
Insider Activity
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.81% of the company’s stock.
Analyst Upgrades and Downgrades
UBER has been the topic of a number of recent research reports. Raymond James Financial upgraded shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. The Goldman Sachs Group set a $115.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and set a $107.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. Wedbush reduced their price target on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group set a $72.00 price target on shares of Uber Technologies in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.68.
Get Our Latest Report on Uber Technologies
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber is expanding its autonomous-vehicle roadmap, including a new robotaxi push with Nuro and Lucid and a Madrid pilot with WeRide, which could support long-term growth if the company can scale driverless service successfully. Uber is making a much bigger bet on robotaxis
- Positive Sentiment: DA Davidson reaffirmed a Buy rating and a $107 price target, signaling that some analysts still see upside despite near-term volatility. DA Davidson Reaffirms Buy Rating on Uber Technologies (UBER) Following Delivery Hero Acquisition Interest
- Positive Sentiment: Uber and LISC expanded the Health Access Fund with up to $750,000 in new grants, reinforcing Uber’s role in healthcare transportation and supporting its public-service image. Uber and LISC open new grant application through Health Access Fund to bridge transportation gaps for low-income patients
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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