Wealth Science Advisors LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 71.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,416 shares of the ride-sharing company’s stock after selling 15,892 shares during the period. Wealth Science Advisors LLC’s holdings in Uber Technologies were worth $440,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Public Investment Fund acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $5,256,173,439. Legal & General Group Plc purchased a new position in Uber Technologies in the second quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Uber Technologies in the second quarter valued at about $752,151,000. Fundsmith LLP acquired a new position in shares of Uber Technologies during the second quarter worth about $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Uber Technologies during the second quarter worth about $426,727,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Performance
Shares of UBER opened at $71.47 on Friday. The firm has a market cap of $145.98 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 5.72 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $73.17 and its two-hundred day moving average is $72.94. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $100.35.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber agreed to acquire ezCater, a profitable corporate-catering marketplace, for approximately $2.3 billion in cash. The deal could strengthen Uber for Business, add higher-value orders—ezCater’s average order reportedly exceeds $400—and diversify revenue beyond consumer rides and restaurant meals. Deal Dispatch: Uber Buys ezCater For $2.3B
- Positive Sentiment: Analysts and financial commentators described the ezCater purchase as a potentially smart margin and growth move, while Uber’s CFO argued that acquisitions can accelerate expansion more effectively than building new businesses internally. Uber’s ezCater Acquisition Looks Like a Smart Move
- Positive Sentiment: Uber Eats expanded its marketplace through a partnership with Sur La Table, adding cookware, appliances, kitchen tools and other products for on-demand and scheduled delivery. The move supports Uber’s broader strategy of becoming a multipurpose local-commerce platform. Sur La Table Arrives on Uber Eats
- Positive Sentiment: Uber and Pony.ai plan to begin testing Gen-7 autonomous vehicles in London, advancing Uber’s partnership-led robotaxi strategy and its goal of expanding autonomous ride-hailing into multiple global cities. Uber and Pony.ai Plan London Robotaxis
- Neutral Sentiment: Citizens JMP reaffirmed an “Market Outperform” rating. Uber’s trailing operating margin reached 12.1%, its strongest level in five years, but investors are evaluating whether the improvement can persist.
- Negative Sentiment: The ezCater transaction requires a substantial cash outlay and has prompted scrutiny of Uber’s acquisition strategy. Commentary also noted that strong operational growth has been offset by softer guidance, while the company’s year-to-date performance remains under pressure.
Insiders Place Their Bets
In related news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi bought 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. The trade was a 11.50% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several brokerages recently commented on UBER. Wedbush reiterated an “outperform” rating and set a $91.00 target price on shares of Uber Technologies in a report on Tuesday, September 8th. Wells Fargo & Company upped their price target on Uber Technologies from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America dropped their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Tuesday, September 8th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.11.
Check Out Our Latest Stock Report on UBER
About Uber Technologies
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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