IFM Investors Pty Ltd lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,902 shares of the ride-sharing company’s stock after purchasing an additional 16,378 shares during the period. IFM Investors Pty Ltd’s holdings in Uber Technologies were worth $28,693,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies during the third quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $25,000. Imprint Wealth LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Price Performance
Shares of NYSE UBER opened at $71.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $73.28 and a 200 day moving average price of $75.82. Uber Technologies, Inc. has a 1-year low of $67.19 and a 1-year high of $101.99. The company has a market cap of $146.46 billion, a PE ratio of 17.94, a P/E/G ratio of 6.42 and a beta of 1.12.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on UBER shares. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, May 7th. Wolfe Research set a $100.00 target price on Uber Technologies in a research report on Friday, May 29th. Finally, Truist Financial lifted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.54.
View Our Latest Stock Analysis on UBER
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Uber ended its Phoenix robotaxi partnership with Waymo, removing Waymo rides from the Uber app and renewing worries about Uber’s long-term autonomous-driving strategy. Waymo and Uber end robotaxi pilot in Phoenix
- Negative Sentiment: Analysts and commentators suggested the split could weigh on Uber shares by increasing uncertainty around future robotaxi partnerships and competitive positioning in autonomous ride-hailing. Uber, Waymo end robotaxi partnership in Phoenix
- Negative Sentiment: Uber also drew attention for tightening driver background checks amid rider-safety lawsuits, which could add compliance costs and keep safety concerns in the spotlight. Uber changes key rule for drivers amid rider safety lawsuits
- Neutral Sentiment: OpenAI hired a former Uber India executive to lead its India growth efforts, a move that reflects Uber talent being sought elsewhere but has no direct business impact on Uber’s current operations. OpenAI Deepens India Bet, Hires Ex-Uber Executive To Drive Growth, Partnerships
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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