Sigma Planning Corp decreased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 36.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,658 shares of the ride-sharing company’s stock after selling 28,485 shares during the quarter. Sigma Planning Corp’s holdings in Uber Technologies were worth $3,644,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in 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 worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC boosted its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Uber Technologies during the 1st quarter worth $304,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $842,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Up 0.9%
Shares of UBER stock opened at $72.75 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The company’s fifty day moving average price is $72.84 and its 200-day moving average price is $75.21. The company has a market capitalization of $148.08 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 6.13 and a beta of 1.12.
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s advanced talks to acquire Delivery Hero could meaningfully expand Uber Eats internationally and strengthen its competitive position against DoorDash. Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
- Positive Sentiment: Analyst coverage remains favorable, with Wells Fargo and BTIG both signaling upside and confidence in Uber’s earnings and growth trajectory. Can Uber (UBER) Keep Growing as Robotaxis Expand? Wells Fargo Thinks So
- Positive Sentiment: Recent commentary highlights improving profitability, with core operating income and subscription growth supporting a stronger long-term cash flow story for Uber. Uber’s $150 Billion Platform Is Entering a New Phase of Profitability
- Neutral Sentiment: Articles debating Uber’s valuation and the impact of automation suggest investors are still weighing whether today’s share price fully reflects future disruption risks. Can Uber Technologies (UBER) Stay Cheap While Automation Risks Grow?
- Negative Sentiment: Some coverage argues Uber is behind Pony AI in robotaxis, reinforcing concerns that autonomous driving could become a tougher competitive battleground over time. Uber vs. Pony AI: Who’s Winning the Race in Autonomous Ride-Hailing?
Wall Street Analyst Weigh In
UBER has been the subject of several analyst reports. US Capital Advisors set a $95.00 price objective on Uber Technologies in a research note on Monday, May 11th. Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. TD Cowen began coverage on Uber Technologies in a research report on Monday, May 11th. They issued a “hold” rating for the company. Finally, Piper Sandler raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.18.
Read Our Latest Report on UBER
About Uber Technologies
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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