Iron Gate Global Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 453,976 shares of the ride-sharing company’s stock after acquiring an additional 12,339 shares during the period. Uber Technologies makes up about 3.8% of Iron Gate Global Advisors LLC’s portfolio, making the stock its 10th largest holding. Iron Gate Global Advisors LLC’s holdings in Uber Technologies were worth $37,095,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its stake in Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in Uber Technologies during the 4th quarter valued at $1,220,000. Teacher Retirement System of Texas raised its stake in Uber Technologies by 17.6% during the 4th 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 last quarter. Robinhood Asset Management LLC acquired a new position in Uber Technologies during the 4th quarter valued at $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Uber Technologies in the 4th quarter valued at $17,336,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Performance
Shares of NYSE:UBER opened at $70.97 on Thursday. The company has a market capitalization of $144.47 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 6.23 and a beta of 1.12. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $73.44 and its 200 day simple moving average is $76.85.
Analyst Ratings Changes
UBER has been the topic of several analyst reports. Weiss Ratings lowered shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 12th. UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, May 7th. Tigress Financial increased their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Citizens Jmp restated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.97.
Read Our Latest Stock Analysis on UBER
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber announced it will expand its robotaxi partnership with Lucid and Nuro into Houston in 2027, with Uber operating the network and the partners supplying vehicles and self-driving technology. The move suggests Uber is making concrete progress toward scaling its autonomous ride-hailing strategy, which could support long-term growth. Article Title
- Positive Sentiment: Uber also unveiled a broader autonomous-driving partnership with Stellantis and Wayve to deploy Level 4 robotaxis globally. That adds another route for Uber to deepen its role in self-driving mobility and potentially expand its platform economics over time. Article Title
- Positive Sentiment: Uber and WeRide announced plans to launch commercial robotaxi service in Zurich later this year, expanding the companies’ European footprint after Madrid. The ongoing international rollout reinforces Uber’s autonomous mobility ambitions. Article Title
- Neutral Sentiment: Uber’s stock was also hit by headlines about an investigation into “fictitious discounts” and dynamic pricing, which could keep regulatory and consumer-trust concerns in focus if the issue gains traction. Article Title
- Neutral Sentiment: A separate report said Uber’s latest advertising products could make the stock look undervalued, but that story is more of a valuation argument than an immediate catalyst. Article Title
- Negative Sentiment: Zacks reported that Uber Technologies (UBER) declined more than the broader market in the latest session, reflecting that the positive robotaxi news has not yet fully offset near-term pressure on the shares. Article Title
Uber Technologies Company 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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