Mariner LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,284,984 shares of the ride-sharing company’s stock after purchasing an additional 145,050 shares during the period. Mariner LLC’s holdings in Uber Technologies were worth $105,002,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares during the last quarter. Capital Research Global Investors grew its position in shares of Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank purchased a new stake in Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp grew its position in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
Shares of NYSE UBER opened at $72.85 on Tuesday. The firm has a 50-day simple moving average of $73.44 and a 200-day simple moving average of $77.04. The stock has a market capitalization of $148.29 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 5.85 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99.
Wall Street Analyst Weigh In
UBER has been the topic of several recent research reports. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. 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. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Finally, Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.97.
View Our Latest Stock Analysis on UBER
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Recent commentary says Uber’s core business remains strong, citing 3.6 billion trips, 199 million monthly active consumers, and 50 million Uber One members contributing about half of gross bookings. Will Uber Hit $100 This Year?
- Positive Sentiment: Zacks highlighted Uber as one of the stocks to watch in the gig economy, reinforcing the view that its scale and diversification make it a leading play in ride-hailing and delivery. Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
- Positive Sentiment: Another note argued Uber has an edge versus Grab because of its global scale, diversification, and valuation support, which could help sustain investor confidence. UBER vs. GRAB: Which Ride-Hailing Stock Has an Edge at Present?
- Positive Sentiment: Wall Street sentiment remains supportive, with recent buy/overweight ratings and a median price target well above the current share price, suggesting analysts still see meaningful upside. Uber Technologies Stock (UBER) Opinions on Recent Share Price Decline
- Neutral Sentiment: One article questioned whether Uber can reach $100 this year, noting the company’s strong operating metrics but also that the stock has lagged recently, underscoring a debate between fundamentals and market sentiment. Will Uber Hit $100 This Year?
- Negative Sentiment: A separate analysis warned that macro volatility is pressuring platform valuations and that Uber’s robotaxi ambitions and broader “platform multiple” thesis may be facing investor skepticism. Forget Uber: As Macro Volatility Cracks Platform Multiples, This Profitable Digital Fortress Is The Better Buy
- Negative Sentiment: Social chatter noted Uber’s shares have fallen year to date, with some investors questioning whether spending on robotaxi technology and other initiatives is weighing on the stock. Uber Technologies Stock (UBER) Opinions on Recent Share Price Decline
About Uber Technologies
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.
Read More
- Five stocks we like better than Uber Technologies
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
