Compass Wealth Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 71,646 shares of the ride-sharing company’s stock, valued at approximately $5,170,000.
A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Uber Technologies in the 1st quarter worth about $304,000. Finally, Schnieders Capital Management LLC. bought a new position in Uber Technologies in the 2nd quarter worth about $842,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $77.93 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $159.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 6.01 and a beta of 1.13. The business has a 50-day simple moving average of $72.68 and a two-hundred day simple moving average of $73.32. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99.
Wall Street Analyst Weigh In
UBER has been the topic of several recent analyst reports. KeyCorp cut their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Guggenheim restated a “buy” rating and issued a $125.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Macquarie Infrastructure raised Uber Technologies 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 assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.25.
Check Out Our Latest Stock Analysis on Uber Technologies
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
- Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
- Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
- Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
- Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft
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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