Assetmark Inc. Has $50.02 Million Stake in Uber Technologies, Inc. $UBER

Assetmark Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 510,521 shares of the ride-sharing company’s stock after purchasing an additional 36,161 shares during the period. Assetmark Inc.’s holdings in Uber Technologies were worth $50,016,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UBER. Atria Investments Inc boosted its stake in Uber Technologies by 18.7% during the third quarter. Atria Investments Inc now owns 169,725 shares of the ride-sharing company’s stock worth $16,628,000 after buying an additional 26,724 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in Uber Technologies by 6.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 232,680 shares of the ride-sharing company’s stock worth $22,796,000 after purchasing an additional 14,854 shares during the last quarter. Wedbush Securities Inc. lifted its position in Uber Technologies by 15.7% during the 3rd quarter. Wedbush Securities Inc. now owns 45,946 shares of the ride-sharing company’s stock valued at $4,501,000 after purchasing an additional 6,242 shares during the period. Varma Mutual Pension Insurance Co raised its stake in shares of Uber Technologies by 13.8% during the third quarter. Varma Mutual Pension Insurance Co now owns 297,892 shares of the ride-sharing company’s stock worth $29,184,000 after buying an additional 36,100 shares during the last quarter. Finally, Leuthold Group LLC lifted its holdings in Uber Technologies by 3.5% in the third quarter. Leuthold Group LLC now owns 63,508 shares of the ride-sharing company’s stock valued at $6,222,000 after buying an additional 2,173 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.0%

Uber Technologies stock opened at $69.83 on Friday. The firm has a market cap of $145.09 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 6.51 and a beta of 1.21. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14. The firm has a 50 day moving average price of $81.32 and a two-hundred day moving average price of $89.06.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 return on equity of 43.63% and a net margin of 19.33%.The firm had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same quarter last year, the company earned $3.21 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on UBER shares. Wolfe Research dropped their target price on shares of Uber Technologies from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Cantor Fitzgerald decreased their price target on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research note on Wednesday, October 29th. Citigroup decreased their target price on Uber Technologies from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.89.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the sale, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. This trade represents a 1.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 9,375 shares of company stock worth $799,875. 3.84% of the stock is currently owned by corporate 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.