Griffin Asset Management Inc. Increases Holdings in Uber Technologies, Inc. $UBER

Griffin Asset Management Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,149 shares of the ride-sharing company’s stock after purchasing an additional 14,238 shares during the period. Griffin Asset Management Inc.’s holdings in Uber Technologies were worth $5,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares in the last quarter. Caxton Associates LLP acquired a new position in Uber Technologies in the 1st quarter worth $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies in the 2nd quarter worth $842,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a report on Monday, May 11th. They issued an “outperform” rating on the stock. Wedbush cut their price objective on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Morgan Stanley cut their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Finally, Mizuho cut their price objective on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $105.11.

View Our Latest Stock Report on UBER

Insider Transactions at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $74.66 on Thursday. The firm has a market cap of $151.97 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 6.30 and a beta of 1.16. The firm’s 50-day simple moving average is $74.18 and its 200-day simple moving average is $79.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $68.46 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

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.

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

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