Rep. James Comer Buys Uber Technologies, Inc. (NYSE:UBER) Shares

Posted by Defense World Staff on Jan 15th, 2025

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 Trading Down 1.1 %

Shares of 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. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $136.83 billion, a P/E ratio of 32.33, a P/E/G ratio of 0.75 and a beta of 1.36. The firm’s 50 day simple moving average is $66.58 and its 200 day simple moving average is $70.43.

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

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in Uber Technologies by 670.6% during the fourth 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 period. Ameriprise Financial Inc. lifted its holdings in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Edgewood Management LLC boosted its stake in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter valued at about $163,468,000. Finally, Nordea Investment Management AB raised its position in 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 worth $134,144,000 after purchasing an additional 2,064,382 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Royal Bank of Canada lifted their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America lifted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.53.

Read Our Latest Analysis on UBER

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

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.

Uber Technologies Company Profile

(Get Free Report)

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.