Hudson Value Partners LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,165 shares of the ride-sharing company’s stock after selling 6,621 shares during the quarter. Hudson Value Partners LLC’s holdings in Uber Technologies were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in UBER. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Uber Technologies in the first quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies during the fourth quarter valued at $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Price Performance
Shares of Uber Technologies stock opened at $78.46 on Wednesday. The stock’s 50-day simple moving average is $72.07 and its 200-day simple moving average is $73.57. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The company has a market capitalization of $160.27 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 6.91 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Jefferies added Uber to its “Franchise Picks” list and raised its price target to $110 from $100, citing strong earnings, investor meetings and an increasingly favorable outlook for the ride-hailing and delivery businesses. Jefferies adds Uber to Franchise Picks
- Positive Sentiment: Recent quarterly results showed adjusted earnings of $0.81 per share, slightly ahead of expectations, while revenue increased 12.2% year over year to $14.19 billion. Uber also issued third-quarter EPS guidance of $0.84-$0.88, and analysts continue to point to bookings growth across Mobility and Delivery. Uber Q2 earnings analysis
- Positive Sentiment: Uber Eats expanded its retail reach through a direct point-of-sale integration with National Retail Solutions, allowing tens of thousands of independent U.S. and Canadian retailers to offer delivery with real-time inventory and automated order management. The agreement could support incremental delivery volume and merchant adoption. Uber Eats and NRS integration
- Positive Sentiment: From a technical perspective, UBER recently moved above its 200-day moving average, a signal some investors interpret as evidence of improving long-term momentum. Uber crosses 200-day moving average
Analysts Set New Price Targets
A number of research firms have weighed in on UBER. Piper Sandler set a $106.00 target price on Uber Technologies in a report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. Roth Capital reduced their price target on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Finally, HSBC downgraded shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.25.
Check Out Our Latest Analysis on UBER
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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