Wealthfront Advisers LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,665 shares of the ride-sharing company’s stock after acquiring an additional 9,335 shares during the period. Wealthfront Advisers LLC’s holdings in Uber Technologies were worth $30,926,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares in the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $2,348,319,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,810,255 shares of the ride-sharing company’s stock worth $1,288,497,000 after acquiring an additional 142,933 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Uber Technologies by 5.2% during the second quarter. Legal & General Group Plc now owns 12,518,594 shares of the ride-sharing company’s stock worth $1,167,985,000 after purchasing an additional 615,692 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Down 1.1%
NYSE UBER opened at $73.93 on Tuesday. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The stock has a market cap of $153.61 billion, a PE ratio of 15.70, a PEG ratio of 6.32 and a beta of 1.21. The firm has a 50-day simple moving average of $82.82 and a 200 day simple moving average of $89.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Agreed to buy Getir’s delivery business in Türkiye for ~$335M — adds food, grocery, retail and water delivery, consolidating Uber’s scale in a fast-growing market and folding Getir and Trendyol Go assets into Uber’s delivery footprint. This accelerates local market share and revenue leverage in Türkiye. Uber to acquire Getir delivery business in Türkiye for $335m
- Positive Sentiment: Expanded autonomous-vehicle rollout with Baidu’s Apollo Go in Dubai — Uber will host fully autonomous rides on its app in Jumeirah soon, extending AV commercialization efforts and potential driver-cost reductions in a regulated market. This accelerates monetization paths for Uber’s AV strategy. Baidu and Uber Partner to Bring Apollo Go Autonomous Ride-hailing to Dubai in collaboration with Dubai’s Roads and Transport Authority
- Positive Sentiment: WeRide partnership to deploy ~1,200 robotaxis in the Middle East — another concrete step in scaling autonomous rides outside the U.S., supporting analyst arguments that AV upside is underappreciated and could materially improve long-term margins. WeRide, Uber To Deploy 1,200 Robotaxis In The Middle East
- Positive Sentiment: Analyst support for AV upside — Bank of America reiterated a Buy stance citing underappreciated autonomous-vehicle potential (price target cited in coverage), which supports a bullish long-term thesis for UBER. Uber: Underappreciated Autonomous Vehicle Upside Supports Buy Rating Despite Near-Term EBITDA Shortfall
- Neutral Sentiment: Q4/earnings call highlighted “profitable growth” and provided Q1 guidance, but the quarter included an EPS miss versus consensus — investors will weigh improving margins and revenue growth against the EPS shortfall when setting near-term expectations. Uber Technologies Earnings Call Highlights Profitable Growth
- Neutral Sentiment: Expanded payments partnership with Adyen to support global rollouts and kiosks — operationally helpful but unlikely to move near-term revenue materially; it supports smoother international expansion. Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber Kiosks
- Negative Sentiment: Citi trimmed its price target on UBER — analyst downgrades or target cuts increase near-term selling pressure and can amplify negative reactions after an EPS miss. Citigroup Cuts Uber Technologies (NYSE:UBER) Price Target to $110.00
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Piper Sandler set a $107.00 target price on Uber Technologies in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 29th. Cantor Fitzgerald lowered their price objective on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.89.
View Our Latest Stock Analysis on UBER
Insiders Place Their Bets
In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the transaction, the insider directly owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,875 shares of company stock valued at $1,319,130 over the last 90 days. 3.70% of the stock is currently 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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