Varenne Capital Partners Takes $24.40 Million Position in Uber Technologies, Inc. $UBER

Varenne Capital Partners bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 249,097 shares of the ride-sharing company’s stock, valued at approximately $24,404,000. Uber Technologies accounts for about 4.6% of Varenne Capital Partners’ holdings, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Brighton Jones LLC grew its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP purchased a new position in Uber Technologies during the first quarter valued at approximately $304,000. Finally, Schnieders Capital Management LLC. purchased a new position in Uber Technologies during the second quarter valued at approximately $842,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.37 on Wednesday. The stock has a market capitalization of $157.18 billion, a P/E ratio of 16.21, a P/E/G ratio of 6.96 and a beta of 1.22. The business has a 50-day moving average of $78.87 and a two-hundred day moving average of $87.64. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. 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 (NYSE:UBER) last issued its quarterly earnings data 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). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period in the prior year, the company posted $3.21 EPS. The business’s revenue was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was 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. The trade was a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Wedbush decreased their target price on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Uber Technologies in a report on Thursday, February 5th. BMO Capital Markets lowered their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Truist Financial set a $108.00 target price on Uber Technologies in a research report on Monday, February 9th. Finally, Roth Mkm set a $105.00 price target on Uber Technologies in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.53.

About Uber Technologies

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.