Jupiter Topco LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,963,711 shares of the ride-sharing company’s stock, valued at approximately $358,014,000. Jupiter Topco LLC owned approximately 0.24% of Uber Technologies as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies in the 3rd quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at $25,000. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $25,000. Imprint Wealth LLC bought a new stake in shares of Uber Technologies in the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Up 1.3%
Shares of UBER stock opened at $80.33 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $164.07 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 6.39 and a beta of 1.13. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The stock’s 50-day moving average price is $73.33 and its 200-day moving average price is $73.36.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: New teen safety feature: Uber launched live video streaming for teen accounts, allowing parents to check in during rides. The feature, which will roll out nationwide in the U.S. in the coming weeks, could improve rider confidence and support family-account adoption. Uber launches live video streaming for teen accounts
- Positive Sentiment: Autonomous-vehicle expansion: Baidu’s fully driverless Apollo Go vehicles have begun operating in Dubai under Uber’s multiyear partnership. The deployment advances Uber’s robotaxi strategy and may strengthen its long-term position as autonomous transportation develops. Uber’s Robotaxi Push Gains Pace in Dubai
- Positive Sentiment: Analyst confidence: Citizens JMP reaffirmed its “Market Outperform” rating and set a $100 price target, implying substantial upside from recent trading levels.
- Positive Sentiment: Resilient Uber Eats demand: Food delivery is holding up as consumers reduce spending in other categories, suggesting Uber Eats could remain a relatively defensive growth business. Uber also expanded travel options in India through a partnership with Zoomcar and became the PGA Tour’s official rideshare and food-delivery partner.
- Neutral Sentiment: Mixed valuation and momentum: A bullish investment article cited Uber’s growth prospects, while another argued that growth expectations are already reflected in the valuation. Over six months, the stock has lagged the S&P 500, despite trading well above its one-year low.
- Negative Sentiment: Major regulatory liability: Dutch authorities fined Uber €824.99 million—approximately $966 million—for using automated systems to suspend or deactivate drivers. The penalty could create a substantial financial charge and increase compliance costs or regulatory risk in Europe. Dutch regulator fines Uber €824.99m
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on UBER shares. Wedbush initiated coverage on Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price on the stock. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Cantor Fitzgerald lowered their price objective on shares of Uber Technologies from $98.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Bank of America cut their target price on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.25.
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.
See Also
- Five stocks we like better than Uber Technologies
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
