Uber Technologies (NYSE:UBER) Shares Acquired Rep. James Comer

Representative James Comer (R-Kentucky) recently bought shares of Uber Technologies, Inc. NYSE: UBER. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Uber Technologies stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.

Uber Technologies Stock Performance

NYSE:UBER opened at $64.98 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $136.83 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The firm's fifty day moving average price is $66.58 and its 200 day moving average price is $70.43. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Ameriprise Financial Inc. grew its position in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the period. Edgewood Management LLC increased its stake in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies in the 3rd quarter worth about $163,468,000. Finally, Nordea Investment Management AB lifted its stake in shares of Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company's stock valued at $134,144,000 after purchasing an additional 2,064,382 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James initiated coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 target price on the stock. Jefferies Financial Group increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Daiwa Capital Markets lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.53.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.