Ally Financial Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 28.6% during the 4th quarter, Holdings Channel reports. The fund owned 36,000 shares of the ride-sharing company’s stock after purchasing an additional 8,000 shares during the period. Ally Financial Inc.’s holdings in Uber Technologies were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the business. Altrafin AG purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $9,610,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Uber Technologies by 0.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 53,516 shares of the ride-sharing company’s stock valued at $4,373,000 after acquiring an additional 447 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Uber Technologies by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,697 shares of the ride-sharing company’s stock valued at $711,000 after acquiring an additional 1,122 shares during the last quarter. Fortis Capital Management LLC boosted its holdings in shares of Uber Technologies by 17.8% in the 4th quarter. Fortis Capital Management LLC now owns 91,946 shares of the ride-sharing company’s stock valued at $7,513,000 after acquiring an additional 13,888 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Performance
Shares of NYSE UBER opened at $68.67 on Friday. The company’s fifty day moving average price is $73.41 and its 200 day moving average price is $77.16. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The company has a market capitalization of $139.79 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 5.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Tuesday, May 26th. Piper Sandler increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citizens Jmp reissued a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Finally, Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.97.
Read Our Latest Stock Analysis on Uber Technologies
Insider Transactions at Uber Technologies
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the 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 transaction, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.81% of the stock is currently owned by insiders.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
- Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
- Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
- Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
- Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?
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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