Fifth Third Bancorp Purchases 37,040 Shares of Uber Technologies, Inc. $UBER

Fifth Third Bancorp grew its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 377,719 shares of the ride-sharing company’s stock after buying an additional 37,040 shares during the quarter. Fifth Third Bancorp’s holdings in Uber Technologies were worth $30,863,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UBER. Brighton Jones LLC raised its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Uber Technologies in the first quarter valued at approximately $304,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Uber Technologies in the second quarter valued at approximately $842,000. Institutional investors own 80.24% of the company’s stock.

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Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Tuesday, February 3rd. Melius Research set a $73.00 price target on shares of Uber Technologies in a report on Monday, January 5th. The Goldman Sachs Group set a $125.00 price target on shares of Uber Technologies in a report on Wednesday, February 4th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, March 17th. 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 company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $105.11.

Check Out Our Latest Research Report on Uber Technologies

Insiders Place Their Bets

In other news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of Uber Technologies stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction 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 transaction, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.81% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $75.19 on Friday. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The stock has a market cap of $153.61 billion, a PE ratio of 15.96, a PEG ratio of 6.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $73.91 and its two-hundred day moving average price is $81.34.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data 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 business had revenue of $14.37 billion during the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. Uber Technologies’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 3.34 EPS for the current year.

About Uber Technologies

(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.

Further Reading

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

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