Private Advisor Group LLC Buys 18,680 Shares of Uber Technologies, Inc. $UBER

Private Advisor Group LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 312,112 shares of the ride-sharing company’s stock after acquiring an additional 18,680 shares during the quarter. Private Advisor Group LLC’s holdings in Uber Technologies were worth $30,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at about $27,000. Kilter Group LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth $26,000. Total Investment Management Inc. purchased a new stake in shares of Uber Technologies in the 2nd quarter worth $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Uber Technologies during the third quarter valued at $34,000. Finally, True Wealth Design LLC increased its position in Uber Technologies by 38.6% in the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Canaccord Genuity Group set a $72.00 price target on shares of Uber Technologies in a report on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research report on Thursday, December 18th. BNP Paribas Exane began coverage on shares of Uber Technologies in a research note on Wednesday, January 14th. They set an “outperform” rating and a $108.00 target price on the stock. Morgan Stanley dropped their target price on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Finally, Citizens Jmp upgraded Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.53.

View Our Latest Report on UBER

Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Trading Down 1.6%

Uber Technologies stock opened at $73.91 on Tuesday. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The firm’s 50 day moving average price is $78.39 and its 200-day moving average price is $87.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $152.11 billion, a P/E ratio of 15.69, a PEG ratio of 6.89 and a beta of 1.22.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The company had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.Uber Technologies’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, January 20th. The shares were 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. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.70% of the stock is owned by insiders.

About Uber Technologies

(Free Report)

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

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:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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