Fideuram Asset Management Ireland dac Invests $6.08 Million in Uber Technologies, Inc. $UBER

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Uber Technologies during the fourth quarter, buying 70,939 shares worth about $6.08 million.
• Uber continues to attract significant institutional interest, with several hedge funds adding shares and 80.24% of the stock now held by institutional investors and hedge funds.
• Analysts remain broadly positive on Uber, with a consensus rating of Moderate Buy and an average price target of $104.97, even as an insider recently sold 30,000 shares.

Fideuram Asset Management Ireland dac purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 70,939 shares of the ride-sharing company's stock, valued at approximately $6,076,000.

A number of other hedge funds have also bought and sold shares of UBER. Transcendent Capital Group LLC acquired a new position in Uber Technologies in the third quarter valued at approximately $1,859,000. Mawer Investment Management Ltd. acquired a new position in Uber Technologies in the third quarter valued at approximately $74,107,000. Rhumbline Advisers boosted its stake in Uber Technologies by 1.1% in the third quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company's stock valued at $365,479,000 after acquiring an additional 42,278 shares during the period. Longbow Finance SA boosted its stake in Uber Technologies by 51.8% in the third quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company's stock valued at $11,001,000 after acquiring an additional 38,304 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. Cantor Fitzgerald decreased their target price on Uber Technologies from $99.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, February 5th. Wells Fargo & Company boosted their price objective on Uber Technologies from $95.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Mizuho reduced their price objective on Uber Technologies from $130.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, February 5th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, May 7th. Finally, Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.97.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber raised its stake in Delivery Hero to 36.83% amid takeover discussions, reinforcing the company’s push to consolidate in food delivery and potentially expand its international reach. Uber Raises Delivery Hero Stake To 36.83% Amid Takeover Talks
• Positive Sentiment: Uber continues to benefit from strategic partnerships, including a new integration with hotel platform Mews that lets hotels book, track, and bill Uber rides for guests and staff, which could support ride volume growth. Hotel Platform Mews Embeds Uber to Transport Guests and Staff
• Positive Sentiment: Uber was highlighted at the Bernstein Strategic Decisions Conference, where management’s presentation likely kept focus on execution, profitability, and growth strategy for investors. Uber Technologies, Inc. Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Analysts and commentators are debating whether Waymo’s robotaxi progress is a threat to Uber or a sign that ride-hailing demand remains resilient, keeping the competitive narrative in focus. Waymo won’t kill Uber, this investor says
• Neutral Sentiment: Uber also received attention from unusually heavy call-option buying, suggesting traders were positioning for further upside. Trouble With Waymo? Call an Uber
• Negative Sentiment: One note flagged insider stock sales totaling about $4.6 million, which can sometimes be read as a cautious signal even if it does not necessarily change the underlying business outlook. Insiders At Uber Technologies Sold US$4.6m In Stock, Alluding To Potential Weakness
• Negative Sentiment: Uber also faces some scrutiny from reports about customer complaints over Uber One membership charges, which could pressure sentiment if retention or billing issues become a bigger issue. Upset Uber customers charged for monthly memberships they say they never signed up for

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $70.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $73.84 and a 200-day simple moving average of $78.59. The company has a market cap of $144.31 billion, a PE ratio of 17.68, a P/E/G ratio of 6.01 and a beta of 1.16. Uber Technologies, Inc. has a 12-month low of $68.46 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current year.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.