Clal Insurance Enterprises Holdings Ltd cut its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 98.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 478 shares of the ride-sharing company’s stock after selling 25,017 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Uber Technologies were worth $34,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the third quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth approximately $25,000. Osbon Capital Management LLC bought a new stake in Uber Technologies during the 4th quarter valued at $25,000. Imprint Wealth LLC purchased a new position in shares of Uber Technologies in the 3rd quarter valued at $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Down 0.7%
UBER opened at $71.66 on Wednesday. The company has a market cap of $145.86 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 6.06 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The company has a 50-day moving average price of $72.55 and a 200 day moving average price of $74.95. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 14th. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Monday, June 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.65.
Get Our Latest Stock Analysis on UBER
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Investor attention around Uber has increased, which can help keep the stock active and support sentiment if the market is positioning ahead of a catalyst. Article Title
- Positive Sentiment: Domino’s said third-party delivery partnerships, including Uber Eats, are driving more order growth and bringing in new customers, reinforcing the value of Uber’s delivery platform. Article Title
- Positive Sentiment: Another Domino’s update emphasized strong order growth, digital reach and global expansion, which suggests continuing demand through delivery channels that can benefit Uber Eats volume. Article Title
- Positive Sentiment: A new Uber Eats-related deal involving GameStop suggests Uber’s delivery marketplace is still expanding into additional merchant categories, which could support future revenue growth. Article Title
- Neutral Sentiment: Some articles were mostly commentary or market chatter, including “Should You Buy Uber Stock Before the Huge Investor Update?” and a Zacks screening piece, with no clearly new fundamental development. Article Title Article Title
- Negative Sentiment: Investor concern remains that driverless technology could erode Uber’s competitive advantage over time, which is a key headwind for the stock. Article Title
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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