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Uber Technologies, Inc. $UBER Position Boosted by SteelPeak Wealth LLC

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Key Points

  • SteelPeak Wealth LLC raised its Uber stake by 31.6% in Q4 to 83,580 shares (an additional 20,086 shares) worth about $6.83 million at quarter-end.
  • Wall Street has a consensus rating of "Moderate Buy" on Uber with an average price target of $105.14, reflecting a range of analyst views (one Strong Buy, 32 Buy, five Hold, one Sell).
  • Insiders recently sold stock (3,125 shares by Tony West and 30,000 shares by SVP Nikki Krishnamurthy) while Uber’s last quarter missed EPS estimates ($0.71 vs. $0.79) but slightly beat revenue ($14.37B); Q1 EPS guidance is set at $0.65–$0.72.
  • Five stocks we like better than Uber Technologies.

SteelPeak Wealth LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,580 shares of the ride-sharing company's stock after purchasing an additional 20,086 shares during the period. SteelPeak Wealth LLC's holdings in Uber Technologies were worth $6,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foster Group Inc. raised its holdings in shares of Uber Technologies by 3.3% in the 3rd quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company's stock worth $330,000 after buying an additional 107 shares in the last quarter. Sage Rhino Capital LLC grew its position in Uber Technologies by 4.2% in the third quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company's stock valued at $268,000 after acquiring an additional 110 shares during the period. Quent Capital LLC grew its position in Uber Technologies by 3.3% in the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company's stock valued at $343,000 after acquiring an additional 111 shares during the period. Advisors Capital Management LLC raised its stake in Uber Technologies by 1.8% during the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company's stock worth $627,000 after acquiring an additional 111 shares in the last quarter. Finally, Emergent Wealth Advisors LLC lifted its holdings in shares of Uber Technologies by 0.7% during the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company's stock valued at $1,701,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. Canaccord Genuity Group set a $72.00 target price on shares of Uber Technologies in a research note on Thursday, February 5th. Truist Financial set a $108.00 target price on Uber Technologies in a report on Monday, February 9th. Erste Group Bank lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Friday, December 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of Uber Technologies in a report on Tuesday, March 17th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.14.

View Our Latest Report on Uber Technologies

Insider Buying and Selling

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the transaction, the insider owned 176,584 shares of the company's stock, valued at $14,744,764. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president 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. The SEC filing for this sale provides additional information. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 0.1%

NYSE UBER opened at $71.75 on Friday. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The stock has a 50-day simple moving average of $74.28 and a 200 day simple moving average of $84.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $146.59 billion, a PE ratio of 15.23, a P/E/G ratio of 6.57 and a beta of 1.21.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.08). The company had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.Uber Technologies's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Key Headlines Impacting Uber Technologies

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

About Uber Technologies

(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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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).

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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