Harel Insurance Investments & Financial Services Ltd. decreased its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 88.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,100 shares of the ride-sharing company’s stock after selling 23,360 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Uber Technologies were worth $223,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% in 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 during the last quarter. Bison Wealth LLC raised its position in Uber Technologies by 20.3% in 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 during the last quarter. Caxton Associates LLP acquired a new stake in shares of Uber Technologies during the first quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Uber Technologies during the second quarter valued at about $842,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Price Performance
Uber Technologies stock opened at $73.96 on Friday. The stock’s 50 day moving average is $72.78 and its 200 day moving average is $75.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $150.55 billion, a P/E ratio of 18.44, a P/E/G ratio of 6.18 and a beta of 1.12. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s planned acquisition of Delivery Hero is expected to nearly double its global delivery footprint, strengthen its international food-delivery business, and improve scale, pricing power and margin potential. Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
- Positive Sentiment: Uber Eats is also expanding beyond meals, with new retail delivery partnerships including GameStop, Foot Locker, Kids Foot Locker and Champs Sports, broadening the company’s delivery mix and potential transaction volume. Uber Eats Expands Retail Delivery Push With GameStop and Foot Locker Partnerships
- Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $91 price target, signaling confidence that Uber’s core business and new delivery consolidation could support further upside. Benzinga coverage of Wedbush initiation
- Neutral Sentiment: Reports also framed the deal as part of broader sector consolidation, with investors weighing whether the acquisition is a smart capital-allocation move versus the integration and regulatory risk that comes with such a large international transaction. Reuters: Uber launches $14.8 billion takeover bid for Delivery Hero
- Negative Sentiment: Some commentary notes the market may be cautious because the deal is large and expensive, and because investors are watching for dilution, execution risk and regulatory scrutiny before fully rewarding the stock. Barron’s: Uber Makes Biggest-Ever Deal With $15 Billion Acquisition and the Stock Isn’t Budging
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on UBER shares. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday. BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. DA Davidson reissued a “buy” rating and set a $107.00 target price on shares of Uber Technologies in a report on Tuesday, May 26th. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.65.
Check Out Our Latest Research Report on UBER
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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