Hudson Value Partners LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,165 shares of the ride-sharing company’s stock after selling 6,621 shares during the period. Hudson Value Partners LLC’s holdings in Uber Technologies were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies in the third quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $25,000. Imprint Wealth LLC purchased a new position in Uber Technologies during the 3rd quarter valued at approximately $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Up 0.6%
Shares of NYSE UBER opened at $78.46 on Wednesday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The firm has a 50-day simple moving average of $72.07 and a two-hundred day simple moving average of $73.57. The company has a market cap of $160.27 billion, a P/E ratio of 17.24, a PEG ratio of 6.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Jefferies added Uber to its “Franchise Picks” list and raised its price target to $110 from $100, citing strong earnings, investor meetings and an increasingly favorable outlook for the ride-hailing and delivery businesses. Jefferies adds Uber to Franchise Picks
- Positive Sentiment: Recent quarterly results showed adjusted earnings of $0.81 per share, slightly ahead of expectations, while revenue increased 12.2% year over year to $14.19 billion. Uber also issued third-quarter EPS guidance of $0.84-$0.88, and analysts continue to point to bookings growth across Mobility and Delivery. Uber Q2 earnings analysis
- Positive Sentiment: Uber Eats expanded its retail reach through a direct point-of-sale integration with National Retail Solutions, allowing tens of thousands of independent U.S. and Canadian retailers to offer delivery with real-time inventory and automated order management. The agreement could support incremental delivery volume and merchant adoption. Uber Eats and NRS integration
- Positive Sentiment: From a technical perspective, UBER recently moved above its 200-day moving average, a signal some investors interpret as evidence of improving long-term momentum. Uber crosses 200-day moving average
Wall Street Analysts Forecast Growth
UBER has been the topic of several recent research reports. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. Wedbush began coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Monday, July 20th. DA Davidson reduced their price target on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.25.
Read Our Latest Stock Report on Uber Technologies
Uber Technologies Company 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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