Western Wealth Management LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 65.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,150 shares of the ride-sharing company’s stock after acquiring an additional 16,634 shares during the period. Western Wealth Management LLC’s holdings in Uber Technologies were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Brant Point Investment Management LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $933,000. Spirepoint Private Client LLC lifted its holdings in shares of Uber Technologies by 21.9% during the third quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after purchasing an additional 13,454 shares during the period. Econ Financial Services Corp acquired a new stake in Uber Technologies during the 3rd quarter worth about $1,538,000. Transcendent Capital Group LLC acquired a new position in Uber Technologies in the third quarter valued at approximately $1,859,000. Finally, Munro Partners acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $96,294,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
NYSE:UBER opened at $74.80 on Monday. Uber Technologies, Inc. has a one year low of $60.63 and a one year high of $101.99. The stock has a market cap of $155.42 billion, a PE ratio of 15.88, a P/E/G ratio of 6.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14. The stock has a 50 day moving average price of $83.07 and a 200 day moving average price of $89.70.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Analysts continue to show support — several firms reaffirmed or upgraded ratings and Citi left a “buy” view (while trimming its PT to $110), keeping sizable upside in street estimates. Read More.
- Positive Sentiment: Large robotaxi expansion with partner WeRide — plan to deploy ~1,200 autonomous robotaxis across Abu Dhabi, Dubai and Riyadh by 2027, reinforcing Uber’s AV growth narrative and long-term TAM. Read More.
- Positive Sentiment: Underlying Q4 business metrics remain strong — revenue and bookings grew ~20% y/y and free cash flow/reported profitability improved, supporting medium‑term fundamentals. Read More.
- Neutral Sentiment: Corporate moves: Uber appointed a new CFO as it accelerates AV and robotaxi investment — operationally important but a longer‑dated catalyst. Read More.
- Negative Sentiment: Legal hit — a jury in Arizona found Uber liable and ordered the company to pay $8.5M in a rape suit; the company faces thousands of similar claims, raising reputational and potential financial exposure. Read More.
- Negative Sentiment: Q4 EPS miss and cautious guidance — Uber missed EPS expectations and set Q1 EPS guidance below consensus, which triggered the post‑earnings selloff despite solid revenue growth. Read More.
- Negative Sentiment: Multiple price‑target trims and mixed analyst notes — several shops lowered targets (JPMorgan, Wells Fargo, Wedbush, Cantor, etc.) or issued neutral/hold stances, increasing near‑term uncertainty. Read More.
Analyst Ratings Changes
Several research firms have recently issued reports on UBER. Citizens Jmp raised shares of Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Wednesday, February 4th. Melius Research set a $73.00 price target on shares of Uber Technologies in a research note on Monday, January 5th. Truist Financial upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Stifel Nicolaus decreased their price target on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, DA Davidson boosted their price objective on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $104.94.
View Our Latest Research Report on UBER
Insiders Place Their Bets
In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 14,875 shares of company stock valued at $1,319,130. 3.84% of the stock is owned by corporate insiders.
Uber Technologies 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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