Taikang Asset Management Hong Kong Co Ltd grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,731 shares of the ride-sharing company’s stock after buying an additional 12,517 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Uber Technologies were worth $7,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in UBER. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $28,000. Gould Capital LLC raised its holdings in Uber Technologies by 245.0% during the fourth quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock worth $28,000 after purchasing an additional 245 shares in the last quarter. Finally, SWAN Capital LLC raised its holdings in Uber Technologies by 265.0% during the fourth quarter. SWAN Capital LLC now owns 365 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 265 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.
Uber Technologies Stock Performance
Shares of Uber Technologies stock opened at $73.27 on Wednesday. The firm’s fifty day simple moving average is $73.47 and its 200-day simple moving average is $76.95. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The stock has a market capitalization of $149.15 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 6.19 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber and WeRide plan to launch commercial robotaxi service in Zurich, expanding their European autonomous mobility partnership and strengthening Uber’s robotaxi growth story. WeRide and Uber Plan to Launch Commercial Robotaxi Service in Zurich, Expanding European Partnership
- Positive Sentiment: The Zurich rollout follows the recent Madrid announcement, signaling accelerating international deployment momentum for Uber’s autonomous vehicle plans. WeRide and Uber Announce Launch of Robotaxi Services in Zurich, Switzerland
- Positive Sentiment: Uber’s recent advertising expansion is also supporting investor sentiment by showing another avenue for monetization beyond rides and delivery. Uber (UBER) Stock Trades Up, Here Is Why
- Neutral Sentiment: Some recent coverage highlights concerns about dynamic pricing and consumer backlash, which could create reputational noise even if it does not immediately change fundamentals. Uber, Lyft use AI to charge riders more, CR says
- Neutral Sentiment: Another report says Uber and Lyft used AI-driven pricing differences and fake discounts, which may pressure sentiment but is not yet a direct financial hit. The same ride on Uber and Lyft, 29 different prices: What researchers found when they tested the apps
Analysts Set New Price Targets
A number of research firms recently commented on UBER. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Guggenheim restated a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. Royal Bank Of Canada initiated coverage on Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating on the stock. Finally, BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.97.
Check Out Our Latest Stock Report on UBER
About Uber Technologies
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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