Commerzbank Aktiengesellschaft FI lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 57.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,282 shares of the ride-sharing company’s stock after selling 32,815 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Uber Technologies were worth $1,747,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC bought a new position in Uber Technologies during the third quarter valued at $32,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Performance
NYSE:UBER opened at $71.66 on Wednesday. The business’s fifty day moving average is $72.55 and its 200 day moving average is $74.95. The firm has a market cap of $145.86 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 6.06 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. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Thursday, May 7th. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. DA Davidson restated a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday. Finally, Wedbush initiated coverage on shares of Uber Technologies in a research report on Thursday, July 16th. They set an “outperform” rating and a $91.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.65.
Read Our Latest Research Report on UBER
Uber Technologies News Roundup
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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