SEB Asset Management AB Takes $28.26 Million Position in Uber Technologies, Inc. $UBER

SEB Asset Management AB purchased a new position in Uber Technologies, Inc. (NYSE:UBERFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 392,856 shares of the ride-sharing company’s stock, valued at approximately $28,258,000.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank increased its holdings in Uber Technologies by 6.7% during the 1st quarter. Swiss National Bank now owns 5,793,000 shares of the ride-sharing company’s stock worth $416,690,000 after purchasing an additional 364,100 shares during the last quarter. World Equity Group Inc. boosted its stake in shares of Uber Technologies by 21.5% during the 1st quarter. World Equity Group Inc. now owns 4,404 shares of the ride-sharing company’s stock valued at $317,000 after buying an additional 779 shares during the last quarter. AIA Group Ltd grew its position in shares of Uber Technologies by 16.0% during the first quarter. AIA Group Ltd now owns 198,607 shares of the ride-sharing company’s stock worth $14,286,000 after buying an additional 27,430 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Uber Technologies during the first quarter worth approximately $946,000. Finally, ANB Bank increased its stake in shares of Uber Technologies by 23.0% in the first quarter. ANB Bank now owns 7,423 shares of the ride-sharing company’s stock worth $534,000 after buying an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a report on Monday, May 11th. Weiss Ratings upgraded shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. TD Cowen reaffirmed a “buy” rating and set a $118.00 price target on shares of Uber Technologies in a research report on Thursday. Tigress Financial lifted their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group set a $100.00 price objective on Uber Technologies in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

Get Our Latest Analysis on UBER

Uber Technologies Trading Up 0.1%

Uber Technologies stock opened at $72.55 on Monday. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The firm’s 50-day moving average is $72.72 and its 200-day moving average is $75.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $147.69 billion, a P/E ratio of 18.09 and a beta of 1.12.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 3 earnings per share for the current year.

Trending Headlines about Uber Technologies

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Uber Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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