American Capital Advisory LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 67.9% during the 1st quarter, HoldingsChannel reports. The firm owned 21,410 shares of the ride-sharing company’s stock after acquiring an additional 8,659 shares during the period. American Capital Advisory LLC’s holdings in Uber Technologies were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at about $1,220,000. Teacher Retirement System of Texas lifted its position in Uber Technologies by 17.6% in the fourth quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after purchasing an additional 82,851 shares during the period. Robinhood Asset Management LLC purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $17,336,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Performance
UBER opened at $74.21 on Wednesday. Uber Technologies, Inc. has a 1-year low of $67.19 and a 1-year high of $101.99. The stock has a market cap of $151.07 billion, a P/E ratio of 18.51, a P/E/G ratio of 6.15 and a beta of 1.12. The stock’s 50 day simple moving average is $73.04 and its 200 day simple moving average is $75.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Wells Fargo kept an Overweight rating on Uber and raised its price target to $100, signaling continued analyst confidence in the company’s upside. Uber Technologies (NYSE:UBER) Given New $100.00 Price Target at Wells Fargo & Company
- Positive Sentiment: Uber is drawing bullish commentary on its robotaxi strategy, with analysts arguing that partnerships with autonomous-driving companies could let Uber benefit from self-driving growth without taking on the heavy R&D burden itself. Uber: The Robotaxi Revolution Makes Me More Bullish
- Positive Sentiment: Uber’s collaboration with Stellantis and Wayve on Level 4 autonomous robotaxis adds to the view that Uber could become a key platform beneficiary as autonomy scales. Stellantis (STLA) Makes a Bold Autonomous Driving Move With Uber and Wayve
- Neutral Sentiment: Uber was added to several Russell value indexes while being removed from a larger growth-oriented benchmark, which could affect index-fund flows and reflects how the market is classifying the stock. Uber Technologies (UBER) Could Be 13% Undervalued On Russell Value Index Reshuffle
- Neutral Sentiment: Investor focus is also on Uber’s decision to pause most Europe food-delivery expansion while it evaluates a potential Delivery Hero deal; the move may improve strategic focus, but it also raises questions about capital allocation and execution. How Investors Are Reacting To Uber Technologies (UBER) Pivoting From Uber Eats Expansion To Delivery Hero Deal
- Negative Sentiment: Uber and Waymo reportedly ended their partnership in one major U.S. city, which may be seen as a setback for Uber’s autonomous-vehicle rollout narrative. Uber and Waymo broke up in this major US city – here’s why
- Negative Sentiment: A study raising questions about insurance charges varying by ride could add pressure by drawing attention to pricing transparency and operating-cost consistency. Uber’s Insurance Charges Varied by Ride Despite the Same Route and Driver, Study Finds
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on UBER shares. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research note on Monday, June 22nd. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Tigress Financial increased their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. Finally, DA Davidson restated a “buy” rating and set a $107.00 target price on shares of Uber Technologies in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.18.
View Our Latest Report on UBER
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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