Munich Reinsurance Co Stock Corp in Munich boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 373,202 shares of the ride-sharing company's stock after acquiring an additional 61,908 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Uber Technologies were worth $30,647,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in 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 worth $18,695,502,000 after acquiring 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 raised its position in shares of Uber Technologies by 1.1% in the third quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company's stock valued at $1,667,121,000 after purchasing an additional 182,976 shares during the period. Legal & General Group Plc raised its position in shares of Uber Technologies by 6.9% in the third quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company's stock valued at $1,311,457,000 after purchasing an additional 867,719 shares during the period. Finally, Boston Partners raised its position in shares of Uber Technologies by 2.9% in the third quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company's stock valued at $923,919,000 after purchasing an additional 263,824 shares during the period. Institutional investors own 80.24% of the company's stock.
Insider Buying and Selling
In related news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the senior vice president directly owned 460,756 shares of the company's stock, valued at approximately $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.
Wall Street Analysts Forecast Growth
UBER has been the topic of several research reports. Mizuho lowered their price target on shares of Uber Technologies from $130.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, February 5th. Citigroup reissued a "buy" rating on shares of Uber Technologies in a research report on Tuesday, March 17th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. DA Davidson lowered their price target on shares of Uber Technologies from $108.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.14.
Check Out Our Latest Stock Analysis on Uber Technologies
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $74.66 on Friday. The company has a 50 day moving average of $73.64 and a 200 day moving average of $81.95. The stock has a market cap 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, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.
Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS 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 company had revenue of $14.37 billion during the quarter, compared to analysts' expectations of $14.32 billion. During the same period in the prior year, the firm earned $3.21 EPS. Uber Technologies'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. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 3.34 EPS for the current fiscal year.
Uber Technologies Profile
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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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