Pacific Heights Asset Management LLC Buys 75,000 Shares of Uber Technologies, Inc. $UBER

Key Points

• Pacific Heights Asset Management increased its Uber stake by 28.8% in the fourth quarter, buying 75,000 additional shares and bringing its total to 335,000 shares valued at about $27.4 million.
• Uber saw mixed insider trading: CFO Balaji Krishnamurthy bought 22,453 shares, while SVP Nikki Krishnamurthy sold 30,000 shares in a later transaction.
• Analyst sentiment remains constructive, with a consensus rating of “Moderate Buy” and an average price target of $105.11, even as some firms trimmed targets and others reiterated bullish views.

Pacific Heights Asset Management LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,000 shares of the ride-sharing company's stock after purchasing an additional 75,000 shares during the period. Pacific Heights Asset Management LLC's holdings in Uber Technologies were worth $27,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the 3rd quarter worth $25,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies in the 3rd quarter worth $32,000. Ares Financial Consulting LLC bought a new position in shares of Uber Technologies in the 4th quarter worth $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Uber Technologies in the 3rd quarter worth $34,000. Finally, Archer Investment Corp boosted its position in shares of Uber Technologies by 33.2% in the 3rd quarter. Archer Investment Corp now owns 473 shares of the ride-sharing company's stock worth $46,000 after purchasing an additional 118 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. 3.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UBER shares. The Goldman Sachs Group set a $115.00 price target on Uber Technologies in a research report on Thursday, May 7th. Cantor Fitzgerald dropped their price objective on Uber Technologies from $99.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. US Capital Advisors set a $95.00 price objective on Uber Technologies in a research note on Monday, May 11th. Mizuho dropped their price objective on Uber Technologies from $130.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, February 5th. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.11.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber’s Uber One subscription program reached 50 million members, highlighting stronger customer loyalty and a potentially more durable recurring revenue stream. Uber just hit an impressive 50M milestone
• Positive Sentiment: Fox Advisors upgraded Uber to Outperform and set a $95 price target, reflecting confidence in the company’s investment strategy and future earnings power. Uber Technologies (UBER) – Among the 10 Best Stocks to Buy Now for a $1 Million Portfolio
• Positive Sentiment: Uber announced plans to open two campuses in India and expand infrastructure support there, which could strengthen product development and operating efficiency over time. Uber to open 2 campuses in India to support product development, operations
• Neutral Sentiment: Several articles continue to frame Uber as a long-term “super app” or autonomy winner, but these are mostly strategic narratives rather than immediate catalysts. Can Uber Make an “Everything” App?
• Negative Sentiment: SoftBank’s Q1 portfolio update showed a complete exit from Uber, which may weigh on sentiment because it removes a notable institutional backer. SoftBank (SFTBY) Dumps Uber and Lemonade, Slashes T-Mobile Holdings in Q1 Portfolio Overhaul
• Negative Sentiment: Reports about tension in the Uber-Waymo partnership and criticism of autonomous-vehicle rollout could raise concerns about the pace and competitiveness of Uber’s self-driving strategy. Uber-Waymo Partnership On The Rocks? Exec Shares 'Scary' SF Robotaxi Moment, Slam AV Rollout

Uber Technologies Stock Performance

NYSE UBER opened at $75.23 on Monday. The firm's fifty day moving average price is $74.19 and its two-hundred day moving average price is $80.02. The firm has a market capitalization of $153.14 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 6.38 and a beta of 1.16. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1 year low of $68.46 and a 1 year high of $101.99.

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

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.

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.