Shell Asset Management Co. Lowers Position in Uber Technologies, Inc. $UBER

Shell Asset Management Co. lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 78.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,600 shares of the ride-sharing company’s stock after selling 110,504 shares during the quarter. Shell Asset Management Co.’s holdings in Uber Technologies were worth $2,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Westend Capital Management LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at $27,000. Kilter Group LLC purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $26,000. Total Investment Management Inc. purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Uber Technologies during the 3rd quarter worth $34,000. Finally, True Wealth Design LLC raised its position in shares of Uber Technologies by 38.6% in the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 9,375 shares of company stock valued at $799,875. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UBER. Citizens Jmp upgraded Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Wednesday, February 4th. DA Davidson raised their price target on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research note on Wednesday, October 29th. BMO Capital Markets reduced their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Finally, Barclays decreased their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.89.

Uber Technologies Stock Performance

Shares of UBER stock opened at $69.83 on Friday. The firm has a 50 day moving average of $81.32 and a two-hundred day moving average of $89.07. The stock has a market capitalization of $145.09 billion, a PE ratio of 14.83, a P/E/G ratio of 6.40 and a beta of 1.21. The company has a quick ratio of 1.15, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99.

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

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.