Rep. Robert Bresnahan, Jr. Purchases Shares of Uber Technologies, Inc. (NYSE:UBER)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Uber Technologies, Inc. NYSE: UBER. In a filing disclosed on April 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Uber Technologies stock on March 10th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/13/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/13/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 3/11/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/11/2025.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.86 during midday trading on Monday, hitting $73.14. The company's stock had a trading volume of 1,226,344 shares, compared to its average volume of 20,305,393. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm's fifty day moving average price is $73.94 and its 200-day moving average price is $71.44. The firm has a market cap of $153.00 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.37.

Remove Ads

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. DA Davidson dropped their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.97.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last ninety days. Company insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently bought and sold shares of UBER. Perkins Coie Trust Co raised its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the 4th quarter worth $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Uber Technologies Company Profile

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.