World Investment Advisors increased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,921 shares of the ride-sharing company’s stock after purchasing an additional 32,431 shares during the quarter. World Investment Advisors’ holdings in Uber Technologies were worth $8,986,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Price Performance
NYSE:UBER opened at $74.39 on Friday. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The firm has a market cap of $151.42 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 6.32 and a beta of 1.12. The firm’s 50-day simple moving average is $73.09 and its 200 day simple moving average is $75.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.
Analyst Upgrades and Downgrades
UBER has been the topic of a number of research analyst reports. UBS Group cut Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Truist Financial lifted their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Citizens Jmp reissued a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. Finally, Guggenheim restated a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.54.
Check Out Our Latest Stock Analysis on Uber Technologies
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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