Concurrent Investment Advisors LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 114.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,479 shares of the ride-sharing company's stock after purchasing an additional 134,276 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Uber Technologies were worth $20,548,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Uber Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company's stock valued at $18,695,502,000 after purchasing an additional 1,277,322 shares during the period. Northern Trust Corp raised its position in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the period. Capital World Investors increased its position in Uber Technologies by 1.1% during the third quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company's stock worth $1,667,121,000 after acquiring an additional 182,976 shares during the period. Legal & General Group Plc increased its position in Uber Technologies by 6.9% during the third quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company's stock worth $1,311,457,000 after acquiring an additional 867,719 shares during the period. Finally, Boston Partners increased its position in Uber Technologies by 2.9% during the third quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company's stock worth $923,919,000 after acquiring an additional 263,824 shares during the period. Institutional investors own 80.24% of the company's stock.
Insiders Place Their Bets
In other Uber Technologies news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm's stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares of the company's stock, valued at approximately $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $2,233,500.00. Following the sale, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.
Uber Technologies Stock Down 0.1%
UBER opened at $74.66 on Friday. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The firm's fifty day moving average price is $73.64 and its two-hundred day moving average price is $81.95. The company has a market capitalization of $152.53 billion, a P/E ratio of 15.85, a P/E/G ratio of 6.84 and a beta of 1.21.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The firm's quarterly revenue was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 3.34 EPS for the current year.
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. TD Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Wednesday, March 11th. Guggenheim dropped their target price on shares of Uber Technologies from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, February 18th. Wolfe Research dropped their target price on shares of Uber Technologies from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, January 5th. Morgan Stanley dropped their target price on shares of Uber Technologies from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, February 5th. Finally, Roth Mkm set a $105.00 target price on shares of 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.14.
View Our Latest Stock Report on Uber Technologies
Uber Technologies Company 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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