Uber Technologies, Inc. $UBER Stock Position Lifted by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 25.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 39,105 shares of the ride-sharing company’s stock after purchasing an additional 8,029 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Uber Technologies were worth $3,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies in the fourth quarter worth $27,000. Ares Financial Consulting LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth $28,000. Imprint Wealth LLC purchased a new stake in shares of Uber Technologies during the third quarter worth $32,000. Finally, Blueline Advisors LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.81% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $70.30 on Friday. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99. The company has a market cap of $143.10 billion, a P/E ratio of 17.53, a P/E/G ratio of 6.03 and a beta of 1.16. The business’s 50 day moving average is $73.71 and its two-hundred day moving average is $78.53. 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 (NYSE:UBERGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.Uber Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. HSBC downgraded Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Wolfe Research set a $100.00 price target on Uber Technologies in a research note on Friday. Wells Fargo & Company increased their price objective on Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Macquarie Infrastructure raised shares of Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.68.

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About Uber Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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