RD Finance Ltd bought a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 76,453 shares of the ride-sharing company’s stock, valued at approximately $6,247,000. Uber Technologies accounts for approximately 6.3% of RD Finance Ltd’s portfolio, making the stock its 6th largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC grew its stake 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 acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC grew its stake 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 acquiring an additional 6,129 shares during the period. Bison Wealth LLC grew its stake 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 acquiring an additional 641 shares during the period. Caxton Associates LLP purchased a new stake in Uber Technologies in the 1st quarter worth approximately $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $842,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Performance
NYSE:UBER opened at $75.50 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $153.69 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 5.88 and a beta of 1.16. The firm’s fifty day simple moving average is $74.17 and its 200 day simple moving average is $80.81. Uber Technologies, Inc. has a twelve month low of $68.46 and a twelve month high of $101.99.
Analyst Ratings Changes
UBER has been the topic of a number of research analyst reports. TD Cowen lifted their price target on shares of Uber Technologies from $114.00 to $118.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp decreased their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Citizens Jmp reiterated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, Wells Fargo & Company lifted their price target on shares of Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $105.40.
Check Out Our Latest Research Report on UBER
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber beat Q1 earnings expectations and issued a stronger-than-expected Q2 bookings outlook, suggesting continued demand in rideshare, delivery, and freight. Uber Jumps 7.6% After Stronger-Than-Expected Bookings Forecast
- Positive Sentiment: Uber Eats expanded its retail reach by adding more than 1,500 Ulta Beauty stores, which could boost same-day delivery volume and support growth beyond restaurant delivery. Uber Eats and Ulta Beauty Team Up to Deliver Beauty Essentials Nationwide
- Positive Sentiment: Uber One surpassed 50 million members, and those members now drive a large share of gross bookings, reinforcing the value of Uber’s subscription and loyalty ecosystem. Uber One Crosses 50 Million Members and Signals a Fundamental Business Transformation
- Positive Sentiment: Several analysts raised price targets or reiterated bullish ratings after the earnings report, signaling higher expectations for Uber’s long-term profitability and platform strength. Uber Zooms Ahead On Platform Strength, Analysts Revise Estimates After Q1 Print
- Neutral Sentiment: Uber-backed Lime filed for an IPO after revenue growth, which highlights the value of Uber’s broader mobility ecosystem, but it is not a direct near-term driver for Uber’s core earnings. Lime Files IPO After Revenue Climbs To $886.7 Million
- Neutral Sentiment: Uber’s management continued to emphasize autonomous vehicles as a long-term opportunity, but investors are still waiting for that potential to translate into clear financial results. Uber CEO Dara Khosrowshahi Sees ‘Trillion-Dollar’ Self-Driving Opportunity
- Negative Sentiment: News that Uber partner Avride is under investigation for self-driving crashes adds fresh caution around the autonomous-vehicle theme, which could weigh on sentiment toward Uber’s robotaxi strategy. Uber partner Avride is under investigation for self-driving crashes
Insider Buying and Selling at Uber Technologies
In related news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on 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 transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of Uber Technologies stock in a transaction that occurred on 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 acquisition, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.
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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