Rep. Jefferson Shreve Buys Uber Technologies, Inc. (NYSE:UBER) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Uber Technologies, Inc. NYSE: UBER. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Uber Technologies stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.51 during trading hours on Monday, reaching $84.32. The company had a trading volume of 7,762,332 shares, compared to its average volume of 20,103,606. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.50. The firm has a market cap of $176.33 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.89 and a beta of 1.43. The firm's 50 day moving average price is $74.72 and its 200-day moving average price is $71.48.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Raymond James upped their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.69.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,904 shares of company stock worth $6,027,619 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Hudson Canyon Capital Management purchased a new stake in Uber Technologies during the 1st quarter worth about $1,807,000. Caisse Des Depots ET Consignations grew its position in Uber Technologies by 17.8% during the first quarter. Caisse Des Depots ET Consignations now owns 91,079 shares of the ride-sharing company's stock valued at $6,636,000 after acquiring an additional 13,752 shares during the period. AlphaCore Capital LLC lifted its position in Uber Technologies by 12.2% during the first quarter. AlphaCore Capital LLC now owns 14,095 shares of the ride-sharing company's stock valued at $1,027,000 after buying an additional 1,529 shares in the last quarter. Flagship Wealth Advisors LLC grew its stake in shares of Uber Technologies by 38.6% in the first quarter. Flagship Wealth Advisors LLC now owns 1,975 shares of the ride-sharing company's stock valued at $144,000 after buying an additional 550 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Uber Technologies by 10.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,600,733 shares of the ride-sharing company's stock valued at $262,349,000 after purchasing an additional 349,437 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.