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Uber Technologies, Inc. has received a $354,000 investment from Revolve Wealth Partners LLC

March 23, 2023
minute read

In its most recent filing to the Securities & Exchange Board, Revolves Wealth Partners LLC stated that during the fourth quarter, it added to its holdings in Uber Technologies, INC (NYSE: UBER).

For a total of $354,000, the corporation paid for 14,316 shares in the ride-hailing business.

Numerous other prominent investors have decreased their stakes in Uber.

During the first quarter, the investment company Altimeter Capital Management LP increased its holding stake in Uber Technologies by 167.5%.

Altimeter Capital Management LP now owns 30,760,000 shares of a ride-sharing company's stock, with a market worth of $1,193,422,000, after acquiring 19,260,000 more during the last quarter.

During the third quarter of 2018, Tiger Global Management LLC increased its stake in Uber Technologies by 1,501.7%.

Tiger Global Management LLC currently owns 9,923,073 pieces of the ride-hailing company's stock valued at $262,961,000 after previously purchasing 9,303,523 shares.

Coatue Management LLC completed a 63.3% increase in its ownership of Uber Technologies during the third fiscal quarter of the business.

Coatue Management LLC now owns 16,628,166 shares of the ride-sharing company's stock, or a total market worth of $440,646,000, after adding an additional 6,444,266 shares over the last quarter. Vanguard Group INC grew its position in Uber Technologies by 4.5 per cent during the third period.

Vanguard Group INC purchased 6,148,269 units of Uber stock in the most recent quarter, increasing its total share count to 110,536,758, with a market value of $2,929,240,000.

Not to mention, Artisan Partners Limited Partnership spent $144.924,000 in the third quarter to purchase a new investment in Uber Technologies.

The majority (71.83%) of the company's shares is held by institutions.

On March 15th, Uber Technologies director Tony West sold 4,167 shares of a company stock, as was revealed in prior news involving Uber Technologies.

The shares might be sold for $133,344.00 in profit at a share price of $32.00 on average. The insider now directly owns 166,499 shares of the company's stock, worth a total of $5,327,968, after the transaction was completed. By clicking the link below, you may access a document that was submitted to the Securities and Exchange Commission as part of the legal case and learn more about the agreement.

There are 3.92% of the corporation shares that are owned privately.

Many papers that were recently released discussed UBER.

In a report released on March 15th, Deutsche Bank Aktiengesellschaft raised their "buy" rating on Uber Technologies and raised their price objective for the firm from $42.00 to $44.00. In a research note released on Thursday, February 9th, Raymond James raised their price objective on Uber Technologies from $38.00 to $41.00 and assigned the stock a "outperform" rating. Wolfe Research gave shares of Uber Technologies a "outperform" rating and a new $45.00 price target in a report released on February 22nd.

Needham & Company LLC reiterated a "buy" rating on shares of Uber Technologies and set a $54.00 price objective on the company's stock in a research note on Monday, February 6th.

Last but not least, Jefferies Financial Group released a research study on Uber Technologies on January 9th.

They advised buying the stock and establishing a $38.00 price target. Twenty-seven research analysts advise buying the stock, while only two advise retaining it in one's portfolio.

According to Trade Algo, the consensus rating for the company is "Moderate Buy," and the consensus price goal is $47.19.

During trading on Wednesday, the cost of an Uber Technologies share dropped by $0.87, reaching $31.99. 8,651,441 more shares of the company's stock were traded than the 24,919,980 shares that were traded on a typical day.

The moving average for the company over the last 50 days is $32.48, and over the last 200 days it is $29.46.

The 52-week drop for Uber Technologies, INC is $19.90, while the 52-week tall is $37.58.

There is 1.15 times quite so much debt because there is capital in the business, a current ratio of 1.04, and a rapid ratio of 1.04.

The company currently has a market capitalization of $64.30 billion, a P/E ratio of 7.01, and a beta of 1.22.

Uber Technologies, INC’s greatest recent quarterly profit report (NYSE: UBER) was published on February 8th.

The ride-sharing company reported quarterly earnings per share of $0.29, $0.50 higher than the experts' consensus expectation ($0.21) of $0.21.

Uber Technologies had a net margin that was negative 28.68% and a return on capital of 114.18%.

The company’s sales for the month was $8.61 billion, which is greater than the average projection of $8.51 billion.

During the same time period the year prior, the business generated net income of $0.44 per share.

In comparison to the same quarter last year, the company's quarterly sales increased by 49.0%. Uber Technologies, INC is expected to post a loss of $0.26 per share for the current fiscal year, according to sell-side analysts.

Uber Technologies, INC is a technology company that develops and manages a variety of networks, products, and apps to help people get from A to B.

For the delivery of ready food, groceries, and other things, the organization provides transport services and merchant courier service providers.

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