PeakShares LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 11,016 shares of the ride-sharing company’s stock, valued at approximately $900,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its position 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 buying an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its position 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 buying an additional 641 shares during the last quarter. Caxton Associates LLP acquired a new position in Uber Technologies in the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies in the 2nd quarter valued at $842,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
Uber Technologies Price Performance
Uber Technologies stock opened at $71.91 on Friday. The company has a market cap of $146.38 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The business has a fifty day moving average of $73.44 and a two-hundred day moving average of $76.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.
Wall Street Analyst Weigh In
UBER has been the subject of several recent analyst reports. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating for the company. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a research note on Monday, May 11th. DA Davidson reissued a “buy” rating and set a $107.00 price target on shares of Uber Technologies in a report on Tuesday, May 26th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a research report on Tuesday, May 26th. Finally, Weiss Ratings lowered Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.97.
View Our Latest Research Report on Uber Technologies
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber launched a new Life360 integration that lets parents request teen rides, track trips in real time, and manage family transportation in one app, which could help deepen user engagement and attract more family-oriented rides. Life360 and Uber Partner to Help Parents Coordinate Rides From Anywhere
- Positive Sentiment: Turkey’s competition board approved Uber’s acquisition of Getir’s delivery business, removing a regulatory hurdle and supporting Uber’s expansion in a new market alongside a planned $500 million investment in Turkey. Turkish competition board approves Uber acquisition of Getir delivery business
- Positive Sentiment: Uber continues to build out its autonomous vehicle strategy, with new robotaxi partnerships in Houston and Zurich and a broader Stellantis-Wayve-Uber collaboration, reinforcing the company’s long-term growth story and helping support bullish analyst sentiment. Stellantis, Wayve and Uber team up to develop global robotaxi services
- Positive Sentiment: Bank of America said Uber’s robotaxi expansion could improve investor sentiment, while Tigress Financial raised its price target, signaling confidence in Uber’s earnings growth and autonomous-driving roadmap. Uber Robotaxi expansion could shift autonomous vehicle narrative, says BofA
- Neutral Sentiment: Some articles focused on Uber as a strong long-term stock idea versus peers and on its expanding advertising business, but these were more reinforcing than immediately market-moving.
- Negative Sentiment: Uber also drew criticism after Consumer Reports said riders sometimes saw widely different prices for the same trip, which could add scrutiny around pricing practices if the issue gains traction. Uber and Lyft may charge you $40 more for the exact same ride as someone else — but both deny surveillance pricing
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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