MGO One Seven LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,070 shares of the ride-sharing company’s stock after selling 11,739 shares during the period. MGO One Seven LLC’s holdings in Uber Technologies were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in UBER. Transcendent Capital Group LLC acquired a new position in Uber Technologies during the third quarter worth about $1,859,000. Mawer Investment Management Ltd. acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $74,107,000. Rhumbline Advisers grew its holdings in shares of Uber Technologies by 1.1% during the 3rd quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company’s stock valued at $365,479,000 after purchasing an additional 42,278 shares during the last quarter. Longbow Finance SA grew its holdings in shares of Uber Technologies by 51.8% during the 3rd quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company’s stock valued at $11,001,000 after purchasing an additional 38,304 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Uber Technologies by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 379,452 shares of the ride-sharing company’s stock worth $37,175,000 after purchasing an additional 38,182 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Trading Down 1.6%
Shares of NYSE UBER opened at $75.50 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The firm has a 50 day moving average price of $74.17 and a two-hundred day moving average price of $80.81. The stock has a market cap of $153.69 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 5.78 and a beta of 1.16.
Insider Buying and Selling at Uber Technologies
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated 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 owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the stock in a transaction dated Tuesday, February 24th. The shares were bought at an average price 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 of the company’s stock, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is owned by company insiders.
Trending Headlines about 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
Analyst Ratings Changes
Several equities analysts recently commented on UBER shares. Mizuho dropped their price objective on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Uber Technologies in a report on Thursday, February 5th. Wedbush dropped their price target 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. DA Davidson raised their price objective on Uber Technologies from $105.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group set a $72.00 price objective on Uber Technologies in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.40.
Check Out Our Latest Report on Uber Technologies
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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