Mach 1 Financial Group LLC Makes New Investment in Uber Technologies, Inc. $UBER

Mach 1 Financial Group LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBERFree Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 14,934 shares of the ride-sharing company’s stock, valued at approximately $1,220,000.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after buying an additional 5,293,822 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Uber Technologies by 65.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,902,660 shares of the ride-sharing company’s stock valued at $400,596,000 after purchasing an additional 1,935,832 shares during the period. C WorldWide Group Holding A S purchased a new position in shares of Uber Technologies in the 3rd quarter valued at approximately $173,776,000. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 0.9% in the 4th 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 during the period. Finally, Danske Bank A S purchased a new position in shares of Uber Technologies in the 3rd quarter valued at approximately $151,979,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on UBER shares. Raymond James Financial upgraded Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group set a $72.00 target price on Uber Technologies in a research note on Thursday, February 5th. The Goldman Sachs Group set a $115.00 target price on Uber Technologies in a research note on Thursday, May 7th. TD Cowen started coverage on Uber Technologies in a research note on Monday, May 11th. They issued a “hold” rating for the company. Finally, Wedbush lowered their target price on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $105.11.

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Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Insiders Place Their Bets

In other Uber Technologies news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of Uber Technologies stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the acquisition, the chief financial officer owned 28,742 shares in the company, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $2,233,500.00. Following the completion of the sale, the senior vice president directly owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.81% of the stock is currently owned by insiders.

Uber Technologies Stock Up 0.8%

Shares of NYSE:UBER opened at $74.66 on Thursday. The stock has a fifty day simple moving average of $74.18 and a two-hundred day simple moving average of $79.57. The stock has a market capitalization of $151.97 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 6.30 and a beta of 1.16. Uber Technologies, Inc. has a 12-month low of $68.46 and a 12-month high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Uber Technologies Profile

(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.

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Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

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

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