Balaji (A) Krishnamurthy Buys 22,453 Shares of Uber Technologies (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBERGet Free Report) CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the acquisition, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Uber Technologies Trading Up 2.0%

Shares of UBER stock opened at $72.80 on Thursday. The firm’s 50-day simple moving average is $79.25 and its 200-day simple moving average is $88.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The firm has a market cap of $149.84 billion, a P/E ratio of 15.46, a PEG ratio of 6.54 and a beta of 1.21.

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

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $2,515,094,000. Marshall Wace LLP lifted its stake in shares of Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after purchasing an additional 5,293,822 shares during the last quarter. Pacer Advisors Inc. grew its stake in Uber Technologies by 1,905.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after purchasing an additional 4,133,532 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on UBER. Citigroup dropped their price target on Uber Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. UBS Group set a $111.00 price target on shares of Uber Technologies in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 price objective on shares of Uber Technologies in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group set a $125.00 target price on shares of Uber Technologies in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

View Our Latest Analysis on Uber Technologies

Uber Technologies News Roundup

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Uber Technologies Company Profile

(Get 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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