Natixis Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,328,289 shares of the ride-sharing company’s stock after selling 140,238 shares during the quarter. Natixis Advisors LLC’s holdings in Uber Technologies were worth $108,534,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the 4th 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 during the period. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the period. Caxton Associates LLP bought a new stake in Uber Technologies during the 1st quarter worth approximately $304,000. Finally, Schnieders Capital Management LLC. bought a new stake in Uber Technologies during the 2nd quarter worth approximately $842,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 2.8%
UBER stock opened at $71.71 on Wednesday. The firm has a fifty day moving average price of $73.68 and a 200 day moving average price of $78.28. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $145.97 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 6.27 and a beta of 1.12.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber and Autobrains announced a Munich robotaxi program built on NVIDIA DRIVE Hyperion, extending Uber’s autonomous-ride efforts in Europe and reinforcing the company’s long-term growth narrative. Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion
- Positive Sentiment: Uber also announced Spain’s first commercial robotaxi pilot in Madrid with WeRide and AVOMO, signaling broader international expansion of its autonomous mobility platform. WeRide and Uber Announce Launch of Spain’s First Commercial Robotaxi Pilot in Madrid
- Positive Sentiment: Citi reportedly kept a Buy rating on Uber, which can help support sentiment around the name. Citi Keeps Their Buy Rating on Uber Technologies (UBER)
Wall Street Analyst Weigh In
A number of equities research analysts have commented on UBER shares. Truist Financial raised their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, April 28th. Macquarie Infrastructure raised shares of Uber Technologies to an “outperform” rating in a report on Monday, May 11th. Wedbush cut their price objective on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.68.
Insider Buying and Selling
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the transaction, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.81% of the stock is owned by 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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