MASTERINVEST Kapitalanlage GmbH increased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 18.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,917 shares of the ride-sharing company’s stock after acquiring an additional 13,849 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Uber Technologies were worth $6,324,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Uber Technologies by 3.4% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Uber Technologies during the first quarter valued at $304,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Uber Technologies during the second quarter valued at $842,000. 80.24% of the stock is owned by institutional investors.
Uber Technologies Stock Performance
Shares of NYSE UBER opened at $72.12 on Wednesday. The firm has a 50 day moving average of $72.97 and a 200 day moving average of $75.27. The firm has a market capitalization of $146.81 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 6.31 and a beta of 1.12. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: BTIG reiterated a Buy rating and set a $100 price target, signaling meaningful upside if execution remains solid.
- Positive Sentiment: Commentary highlighted Uber’s improving profitability, including a sharp rise in operating income and continued growth in gross bookings, which supports the view that the platform is becoming a more efficient business.
- Positive Sentiment: Uber continues to broaden its platform beyond ride-hailing and delivery, with new products around travel, hotels, AI tools, and autonomous vehicles that could create additional revenue streams over time.
Analysts Set New Price Targets
A number of equities analysts have weighed in on UBER shares. DA Davidson reissued a “buy” rating and issued a $107.00 target price on shares of Uber Technologies in a research report on Tuesday, May 26th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a report on Friday, May 29th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, July 6th. Piper Sandler increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $104.18.
Read Our Latest Analysis on Uber Technologies
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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