Myriad Asset Management US LP Trims Position in Uber Technologies, Inc. $UBER

Myriad Asset Management US LP trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,381 shares of the ride-sharing company’s stock after selling 8,699 shares during the period. Myriad Asset Management US LP’s holdings in Uber Technologies were worth $276,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brant Point Investment Management LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter worth about $933,000. Spirepoint Private Client LLC grew its position in shares of Uber Technologies by 21.9% during the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock valued at $7,331,000 after acquiring an additional 13,454 shares during the period. Econ Financial Services Corp purchased a new position in shares of Uber Technologies in the 3rd quarter valued at about $1,538,000. Transcendent Capital Group LLC purchased a new position in shares of Uber Technologies in the 3rd quarter valued at about $1,859,000. Finally, Munro Partners acquired a new position in Uber Technologies in the 2nd quarter worth about $96,294,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wedbush lowered their price target on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group set a $125.00 target price on Uber Technologies in a research note on Wednesday, February 4th. UBS Group set a $111.00 target price on Uber Technologies in a research report on Monday, February 2nd. Mizuho dropped their price target on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Finally, Citigroup reissued a “buy” rating on shares of Uber Technologies in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.14.

View Our Latest Analysis on Uber Technologies

Uber Technologies Price Performance

NYSE:UBER opened at $71.75 on Friday. The stock has a 50 day moving average of $74.28 and a two-hundred day moving average of $84.27. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The firm has a market cap of $146.59 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 6.57 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). The firm had revenue of $14.37 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Key Headlines Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies 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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