Commerzbank Aktiengesellschaft FI lessened its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 57.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,282 shares of the ride-sharing company’s stock after selling 32,815 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Uber Technologies were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares in the last quarter. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $1,220,000. Teacher Retirement System of Texas increased its holdings in shares of Uber Technologies by 17.6% during the fourth quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after acquiring an additional 82,851 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Uber Technologies in the 4th quarter worth about $17,336,000. Finally, Robinhood Asset Management LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth about $10,884,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Trading Down 0.7%
Shares of UBER stock opened at $71.66 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $145.86 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 6.06 and a beta of 1.12. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The firm has a fifty day moving average price of $72.55 and a 200-day moving average price of $74.95.
Analyst Ratings Changes
UBER has been the subject of several recent analyst reports. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a report on Friday, May 29th. Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. TD Cowen reaffirmed a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. Wells Fargo & Company reduced their price objective on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, July 6th. Finally, Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.65.
View Our Latest Stock Analysis on UBER
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Investor attention around Uber has increased, which can help keep the stock active and support sentiment if the market is positioning ahead of a catalyst. Article Title
- Positive Sentiment: Domino’s said third-party delivery partnerships, including Uber Eats, are driving more order growth and bringing in new customers, reinforcing the value of Uber’s delivery platform. Article Title
- Positive Sentiment: Another Domino’s update emphasized strong order growth, digital reach and global expansion, which suggests continuing demand through delivery channels that can benefit Uber Eats volume. Article Title
- Positive Sentiment: A new Uber Eats-related deal involving GameStop suggests Uber’s delivery marketplace is still expanding into additional merchant categories, which could support future revenue growth. Article Title
- Neutral Sentiment: Some articles were mostly commentary or market chatter, including “Should You Buy Uber Stock Before the Huge Investor Update?” and a Zacks screening piece, with no clearly new fundamental development. Article Title Article Title
- Negative Sentiment: Investor concern remains that driverless technology could erode Uber’s competitive advantage over time, which is a key headwind for the stock. Article Title
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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