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Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Makes New $6.73 Million Investment in Uber Technologies, Inc. $UBER

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Key Points

  • Retail Employees Superannuation Trust opened a new position in Uber Technologies in the fourth quarter, buying 82,403 shares worth about $6.73 million. The stake represents 1.8% of the fund’s holdings and makes Uber its 23rd-largest holding.
  • Uber continues to attract significant institutional interest, with 80.24% of shares owned by hedge funds and other institutions. Several smaller funds also initiated positions in the stock during the recent quarters.
  • Analysts remain mostly positive on Uber, with a consensus rating of “Moderate Buy” and an average target price of $104.97. Recent commentary included target-price increases from Piper Sandler and an upgrade from Macquarie to outperform.
  • Five stocks to consider instead of Uber Technologies.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,403 shares of the ride-sharing company's stock, valued at approximately $6,733,000. Uber Technologies accounts for 1.8% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the third quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the fourth quarter worth about $27,000. Ares Financial Consulting LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $28,000. Imprint Wealth LLC purchased a new stake in Uber Technologies in the third quarter worth about $32,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Uber Technologies in the third quarter worth about $34,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, May 13th. Piper Sandler raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" rating in a research note on Monday, May 11th. Wedbush decreased their target price on shares of Uber Technologies from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Finally, TD Cowen assumed coverage on shares of Uber Technologies in a research note on Monday, May 11th. They set a "hold" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.97.

Check Out Our Latest Report on UBER

Uber Technologies Price Performance

Shares of NYSE UBER opened at $70.79 on Thursday. The company has a market capitalization of $144.09 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 5.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day simple moving average of $73.98 and a two-hundred day simple moving average of $78.74. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week 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, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Uber Technologies News Summary

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

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares of the company's stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.81% of the stock is owned by company insiders.

Uber Technologies 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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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.

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