Northwestern Mutual Wealth Management Co. Has $29.57 Million Stake in Uber Technologies, Inc. $UBER

Northwestern Mutual Wealth Management Co. decreased its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 63.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,839 shares of the ride-sharing company’s stock after selling 632,880 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Uber Technologies were worth $29,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies in the third quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $28,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies during the third quarter worth about $32,000. Finally, Hager Investment Management Services LLC raised its position in shares of Uber Technologies by 276.2% during the fourth quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company’s stock worth $40,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.1%

NYSE:UBER opened at $70.30 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $143.10 billion, a PE ratio of 17.53, a PEG ratio of 5.99 and a beta of 1.12. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The stock has a 50-day simple moving average of $73.71 and a 200 day simple moving average of $78.42.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.Uber Technologies’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a research report on Tuesday, May 26th. Weiss Ratings raised Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. Canaccord Genuity Group set a $72.00 price target on Uber Technologies in a research report on Thursday, February 5th. Finally, Wolfe Research set a $100.00 price target on Uber Technologies in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.68.

Get Our Latest Stock Analysis on UBER

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated Monday, March 16th. The stock was 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 directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.81% of the company’s stock.

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Uber Technologies Company Profile

(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.

Further Reading

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

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