ASR Vermogensbeheer N.V. grew its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,991 shares of the ride-sharing company’s stock after purchasing an additional 9,039 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Uber Technologies were worth $21,845,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC boosted its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $304,000. Finally, Breakwater Capital Group acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at about $222,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: BNP Paribas/Exane initiated coverage and upgraded Uber to a strong‑buy / began coverage — institutional attention and a bullish research view can drive demand and support the stock. TickerReport Coverage
- Positive Sentiment: Kroger partnership: nearly 2,700 Kroger stores are now available on Uber Eats, Uber and Postmates — expands grocery delivery footprint, ups take rates and order density for delivery economics. PR Newswire: Kroger Launch
- Positive Sentiment: Analyst support continues: BTIG reaffirmed a Buy with a $100 price target and other firms (Mizuho, others) remain bullish — helps near‑term sentiment and can sustain buying interest. Benzinga Analyst Note
- Neutral Sentiment: Coverage pieces and bullish writeups (Zacks, Motley Fool, Seeking Alpha) pitch Uber as a growth/value opportunity given recent selloffs and emerging tech tailwinds — these amplify the bull case but don’t add new operational data. Zacks Growth Score
- Neutral Sentiment: Strategic wins abroad: reporting on Uber’s Japan push (NYT feature) highlights long‑term TAM expansion but benefits will accrue gradually and depend on local execution. NYT: Japan Strategy
- Negative Sentiment: Labor/reputation/legal pressure: NYC alleges DoorDash/Uber shorted drivers on ~$550M in tips — potential for fines, tighter regulation and PR damage that can increase operating costs and complicate driver relations. Bloomberg Law: Tip Allegation
- Negative Sentiment: Criticism of ballot initiative: LA Times op‑ed accuses Uber of pushing a consumer‑facing ballot measure that mainly protects company economics — could complicate public perception and local regulatory fights. LA Times Opinion
Uber Technologies Price Performance
Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on UBER. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Thursday. Melius lowered Uber Technologies from a “hold” rating to a “sell” rating and set a $73.00 target price on the stock. in a research report on Monday, January 5th. Truist Financial boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research report on Thursday, December 18th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.18.
View Our Latest Research Report on UBER
Insider Transactions at Uber Technologies
In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. The trade was a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,875 shares of company stock valued at $1,348,818 in the last three months. 3.84% of the stock is currently owned by insiders.
Uber Technologies 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.
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