New Wave Wealth Advisors LLC Buys 9,125 Shares of Uber Technologies, Inc. $UBER

New Wave Wealth Advisors LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 302.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,146 shares of the ride-sharing company’s stock after acquiring an additional 9,125 shares during the period. New Wave Wealth Advisors LLC’s holdings in Uber Technologies were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Uber Technologies by 1,905.3% in the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after buying an additional 4,133,532 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Uber Technologies by 4,471.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock valued at $290,660,000 after buying an additional 2,901,936 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Uber Technologies by 97.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,422,035 shares of the ride-sharing company’s stock valued at $531,197,000 after buying an additional 2,671,539 shares during the period. C WorldWide Group Holding A S bought a new stake in Uber Technologies in the third quarter valued at approximately $173,776,000. Finally, Danske Bank A S bought a new stake in Uber Technologies in the third quarter valued at approximately $151,979,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Needham & Company LLC restated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research note on Tuesday, February 3rd. Morgan Stanley dropped their price objective on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Melius Research set a $73.00 price objective on Uber Technologies in a research note on Monday, January 5th. Finally, Weiss Ratings lowered Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.14.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president owned 460,756 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the transaction, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 0.4%

Shares of NYSE:UBER opened at $72.15 on Tuesday. The company has a market capitalization of $147.40 billion, a P/E ratio of 15.32, a P/E/G ratio of 6.57 and a beta of 1.21. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day simple moving average is $74.08 and its 200 day simple moving average is $84.05.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The company had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.