Nomura Asset Management Co. Ltd. Decreases Stake in Uber Technologies, Inc. $UBER

Nomura Asset Management Co. Ltd. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,865,010 shares of the ride-sharing company’s stock after selling 8,012 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $152,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rockline Wealth Management LLC boosted its holdings in Uber Technologies by 18.8% in the 4th quarter. Rockline Wealth Management LLC now owns 38,017 shares of the ride-sharing company’s stock worth $3,106,000 after acquiring an additional 6,026 shares during the period. Essex Financial Services Inc. boosted its holdings in Uber Technologies by 40.0% in the 4th quarter. Essex Financial Services Inc. now owns 14,634 shares of the ride-sharing company’s stock worth $1,196,000 after acquiring an additional 4,180 shares during the period. MUFG Securities EMEA plc boosted its holdings in Uber Technologies by 1,399.6% in the 4th quarter. MUFG Securities EMEA plc now owns 598,582 shares of the ride-sharing company’s stock worth $48,910,000 after acquiring an additional 558,666 shares during the period. Texas Yale Capital Corp. purchased a new position in Uber Technologies in the 4th quarter worth approximately $615,000. Finally, Welch & Forbes LLC boosted its holdings in Uber Technologies by 188.2% in the 4th quarter. Welch & Forbes LLC now owns 254,751 shares of the ride-sharing company’s stock worth $20,816,000 after acquiring an additional 166,371 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.81% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $70.30 on Friday. The business’s 50 day moving average is $73.71 and its two-hundred day moving average is $78.53. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The firm has a market cap of $143.10 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 5.99 and a beta of 1.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on UBER. Piper Sandler upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley decreased their price target on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. TD Cowen began coverage on Uber Technologies in a report on Monday, May 11th. They issued a “hold” rating for the company. Truist Financial upped their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.68.

Check Out Our Latest Stock Report on UBER

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.

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

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