Blodgett Wealth Advisors LLC Increases Holdings in Uber Technologies, Inc. $UBER

Blodgett Wealth Advisors LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 50.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,975 shares of the ride-sharing company’s stock after buying an additional 7,745 shares during the quarter. Uber Technologies accounts for approximately 1.3% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 14th biggest holding. Blodgett Wealth Advisors LLC’s holdings in Uber Technologies were worth $1,877,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after purchasing an additional 2,901,936 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Uber Technologies by 97.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,422,035 shares of the ride-sharing company’s stock worth $531,197,000 after purchasing an additional 2,671,539 shares during the period. C WorldWide Group Holding A S purchased a new stake in Uber Technologies in the 3rd quarter worth about $173,776,000. Vanguard Group Inc. raised its position in Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Finally, Danske Bank A S purchased a new stake in Uber Technologies in the 3rd quarter worth about $151,979,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $74.66 on Friday. The firm has a market cap of $152.53 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 6.84 and a beta of 1.21. The firm’s 50 day simple moving average is $73.64 and its 200-day simple moving average is $81.83. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 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 analysts’ expectations 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 was up 20.1% compared to the same quarter last year. During the same period last year, the business posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 3.34 EPS for the current year.

Uber Technologies News Summary

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

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’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 directly owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of Uber Technologies stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer owned 28,742 shares of the company’s stock, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. BNP Paribas Exane began coverage on shares of Uber Technologies in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 price objective on the stock. Truist Financial set a $108.00 price objective on Uber Technologies in a research report on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Uber Technologies in a research note on Tuesday, March 17th. Morgan Stanley reduced their target price on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, Weiss Ratings lowered Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.14.

Check Out Our Latest Stock Report on UBER

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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