Kidder Stephen W increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 42.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,655 shares of the ride-sharing company’s stock after acquiring an additional 13,990 shares during the quarter. Uber Technologies comprises approximately 1.1% of Kidder Stephen W’s investment portfolio, making the stock its 29th largest holding. Kidder Stephen W’s holdings in Uber Technologies were worth $3,812,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $28,000. Gould Capital LLC lifted its stake in Uber Technologies by 245.0% in the fourth quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock valued at $28,000 after buying an additional 245 shares during the last quarter. Finally, SWAN Capital LLC lifted its stake in Uber Technologies by 265.0% in the fourth quarter. SWAN Capital LLC now owns 365 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
Uber Technologies stock opened at $73.27 on Wednesday. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. 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 business has a 50 day simple moving average of $73.47 and a 200-day simple moving average of $76.95. The stock has a market capitalization of $149.15 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 6.19 and a beta of 1.12.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber unveiled three new advertising products that use ride, delivery, and shopping data to help brands reach consumers, giving investors a new potential revenue stream and sparking bullish commentary that the stock could be undervalued. Uber (UBER) Stock Could Be 12.4% Undervalued After Its New Advertising Push
- Positive Sentiment: Multiple articles highlighted Uber’s scale, including strong Uber One membership growth, high trip volume, and its robotaxi ambitions, reinforcing the view that the company has several long-term growth levers. UBER vs. GRAB: Which Ride-Hailing Stock Has an Edge at Present?
- Neutral Sentiment: Uber is drawing heavy attention from traders and research platforms, which can increase volatility, but the “trending stock” coverage itself does not add new fundamental information. Here is What to Know Beyond Why Uber Technologies, Inc. (UBER) is a Trending Stock
- Neutral Sentiment: Industry chatter around ride-hailing pricing, including reports that Uber and Lyft can charge widely different fares for similar rides, keeps the company in the spotlight but does not clearly change the near-term earnings outlook. The same ride on Uber and Lyft, 29 different prices: What researchers found when they tested the apps
- Negative Sentiment: Competition in grocery delivery is heating up, with Instacart reporting lower basket costs, which could raise questions about pricing pressure across Uber’s delivery ecosystem. Instacart Leads on Price Cuts as Grocery Delivery Competition Heats Up
Analyst Upgrades and Downgrades
UBER has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. DA Davidson reiterated a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. Piper Sandler boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $104.97.
View Our Latest Analysis on UBER
Uber Technologies Company 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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