C WorldWide Group Holding A S trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 7.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,366,185 shares of the ride-sharing company’s stock after selling 108,816 shares during the period. Uber Technologies makes up approximately 2.1% of C WorldWide Group Holding A S’s portfolio, making the stock its 16th largest holding. C WorldWide Group Holding A S’s holdings in Uber Technologies were worth $98,270,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in UBER. Cadence Bank grew its stake in shares of Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after buying an additional 122 shares during the last quarter. Salvus Wealth Management LLC raised its stake in Uber Technologies by 4.9% during the fourth quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company’s stock valued at $216,000 after buying an additional 123 shares during the last quarter. Avion Wealth raised its stake in Uber Technologies by 17.5% during the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock valued at $68,000 after buying an additional 125 shares during the last quarter. Crewe Advisors LLC boosted its holdings in Uber Technologies by 6.6% in the fourth quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company’s stock worth $170,000 after acquiring an additional 129 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its holdings in Uber Technologies by 1.7% in the fourth quarter. Archford Capital Strategies LLC now owns 7,986 shares of the ride-sharing company’s stock worth $653,000 after acquiring an additional 133 shares in the last quarter. 80.24% of the stock is owned by institutional investors.
Uber Technologies Trading Up 1.8%
Shares of NYSE:UBER opened at $73.96 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The company has a market cap of $150.55 billion, a P/E ratio of 18.44, a PEG ratio of 6.18 and a beta of 1.12. The stock’s fifty day moving average price is $72.78 and its 200-day moving average price is $75.16.
Key Headlines 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
Analysts Set New Price Targets
UBER has been the subject of several analyst reports. Citizens Jmp restated a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. BNP Paribas Exane cut shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Finally, Tigress Financial upped their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.65.
Get 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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