Manhattan West Asset Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,585 shares of the ride-sharing company's stock after buying an additional 16,049 shares during the quarter. Uber Technologies comprises approximately 1.2% of Manhattan West Asset Management LLC's holdings, making the stock its 21st largest position. Manhattan West Asset Management LLC's holdings in Uber Technologies were worth $6,094,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at $25,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at $32,000. Ares Financial Consulting LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Uber Technologies in the third quarter valued at $34,000. Finally, True Wealth Design LLC lifted its holdings in shares of Uber Technologies by 38.6% in the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company's stock valued at $42,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.
Trending Headlines about Uber Technologies
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Uber Technologies Stock Up 0.8%
NYSE:UBER opened at $75.19 on Friday. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 6.84 and a beta of 1.16. Uber Technologies, Inc. has a 1-year low of $68.46 and a 1-year 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. The business's fifty day moving average price is $73.91 and its 200 day moving average price is $81.34.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The firm'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. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 3.34 earnings per share for the current fiscal year.
Insider Transactions at Uber Technologies
In other news, CFO Balaji (A) Krishnamurthy bought 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, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares of the company's stock, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The purchase was disclosed in a 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 dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.81% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. KeyCorp cut their target price on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 20th. Wedbush cut their target price on Uber Technologies from $78.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Citizens Jmp reaffirmed a "market outperform" rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday. Cantor Fitzgerald cut their target price on Uber Technologies from $99.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, February 5th. Finally, DA Davidson cut their target price on Uber Technologies from $108.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued 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 price target of $105.11.
Get Our Latest Analysis on Uber Technologies
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.
Further Reading
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