Vise Technologies Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 40.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,711 shares of the ride-sharing company’s stock after buying an additional 34,289 shares during the period. Vise Technologies Inc.’s holdings in Uber Technologies were worth $9,700,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of UBER. Rhumbline Advisers increased its stake in shares of Uber Technologies by 1.1% in the third quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company’s stock valued at $365,479,000 after purchasing an additional 42,278 shares during the period. Longbow Finance SA grew its holdings in Uber Technologies by 51.8% in the 3rd quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company’s stock worth $11,001,000 after buying an additional 38,304 shares in the last quarter. Vanguard Group Inc. grew its holdings in Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares in the last quarter. Mach 1 Financial Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $1,220,000. Finally, Varma Mutual Pension Insurance Co increased its position in Uber Technologies by 13.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 297,892 shares of the ride-sharing company’s stock valued at $29,184,000 after acquiring an additional 36,100 shares during the period. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $72.23 on Friday. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99. The stock has a market cap of $147.04 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 6.10 and a beta of 1.12. The stock’s 50 day moving average price is $73.57 and its 200 day moving average price is $77.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on UBER shares. TD Cowen started coverage on Uber Technologies in a research note on Monday, May 11th. They set a “hold” rating on the stock. Mizuho cut their target price on Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Wolfe Research set a $100.00 target price on Uber Technologies in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group set a $72.00 target price on Uber Technologies in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.68.
View Our Latest Research Report on Uber Technologies
Insider Buying and Selling
In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.81% of the stock is currently owned by insiders.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber is deepening its robotaxi strategy, including a reported nearly $500 million investment in Nuro and expanded partnerships tied to autonomous vehicles, which could strengthen its future growth story. Uber commits nearly $500 million to Nuro robotaxi startup
- Positive Sentiment: The company is also rolling out 500 data-collection vehicles this year to gather real-world driving data, supporting its broader autonomous-driving ecosystem and partnerships. Uber to put 500 data-collection vehicles on the road this year
- Positive Sentiment: Uber is trimming its People and Places division, cutting 23% of roles, which investors may view as a margin-supportive restructuring and a sign of tighter cost discipline. Uber slashes people division by nearly a quarter. CEO says changes are necessary
- Neutral Sentiment: Uber also said it hit its annual AI spending budget early and is capping AI-related employee use, highlighting strong adoption but also tighter controls on costs. Uber reveals an unexpected problem behind the AI boom
- Neutral Sentiment: Uber expanded its Health Access Fund with new grants to help low-income patients access transportation, reinforcing its public-service partnerships but likely having limited near-term impact on the stock. Uber and LISC open new grant application through Health Access Fund
- Negative Sentiment: Rising robotaxi competition and investor concern about long-term disruption to ride-hailing remain a headwind, which is one reason UBER has been trading below some valuation estimates. Uber Stock Is in Focus Following New Robotaxi Plans. What to Know.
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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