PeakShares LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 74.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,216 shares of the ride-sharing company’s stock after acquiring an additional 8,200 shares during the period. Uber Technologies accounts for 1.3% of PeakShares LLC’s holdings, making the stock its 25th biggest position. PeakShares LLC’s holdings in Uber Technologies were worth $1,382,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of UBER. Norges Bank acquired a new position in shares of Uber Technologies during the fourth quarter worth $2,515,094,000. Marshall Wace LLP lifted its holdings in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after purchasing an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board acquired a new stake in shares of Uber Technologies in the 4th quarter worth $265,205,000. Finally, Capital Research Global Investors grew its stake in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Stock Performance
NYSE UBER opened at $73.96 on Friday. The firm has a market capitalization of $150.55 billion, a P/E ratio of 18.44, a PEG ratio of 6.18 and a beta of 1.12. The stock has a 50-day simple moving average of $72.78 and a two-hundred day simple moving average of $75.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s planned acquisition of Delivery Hero is expected to nearly double its global delivery footprint, strengthen its international food-delivery business, and improve scale, pricing power and margin potential. Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
- Positive Sentiment: Uber Eats is also expanding beyond meals, with new retail delivery partnerships including GameStop, Foot Locker, Kids Foot Locker and Champs Sports, broadening the company’s delivery mix and potential transaction volume. Uber Eats Expands Retail Delivery Push With GameStop and Foot Locker Partnerships
- Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $91 price target, signaling confidence that Uber’s core business and new delivery consolidation could support further upside. Benzinga coverage of Wedbush initiation
- Neutral Sentiment: Reports also framed the deal as part of broader sector consolidation, with investors weighing whether the acquisition is a smart capital-allocation move versus the integration and regulatory risk that comes with such a large international transaction. Reuters: Uber launches $14.8 billion takeover bid for Delivery Hero
- Negative Sentiment: Some commentary notes the market may be cautious because the deal is large and expensive, and because investors are watching for dilution, execution risk and regulatory scrutiny before fully rewarding the stock. Barron’s: Uber Makes Biggest-Ever Deal With $15 Billion Acquisition and the Stock Isn’t Budging
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on UBER shares. Wedbush began coverage on Uber Technologies in a research report on Thursday. They set an “outperform” rating and a $91.00 target price on the stock. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Truist Financial boosted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.65.
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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