Rep. Julie Johnson Purchases Shares of Uber Technologies, Inc. (NYSE:UBER)

Representative Julie Johnson (D-Texas) recently bought shares of Uber Technologies, Inc. (NYSE:UBER). In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Uber Technologies stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

Uber Technologies Stock Up 1.2 %

UBER opened at $80.34 on Friday. The company has a market capitalization of $169.16 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The firm has a 50-day simple moving average of $65.71 and a two-hundred day simple moving average of $70.41. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research reports. Bank of America boosted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its stake in Uber Technologies by 14.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,904,276 shares of the ride-sharing company’s stock valued at $114,822,000 after purchasing an additional 246,710 shares during the last quarter. Fairfield Bush & CO. grew its position in shares of Uber Technologies by 26.5% in the 4th quarter. Fairfield Bush & CO. now owns 6,365 shares of the ride-sharing company’s stock worth $384,000 after buying an additional 1,333 shares during the last quarter. Ally Financial Inc. raised its stake in shares of Uber Technologies by 36.6% during the 4th quarter. Ally Financial Inc. now owns 56,000 shares of the ride-sharing company’s stock worth $3,378,000 after acquiring an additional 15,000 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in Uber Technologies by 467.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 2,350 shares of the ride-sharing company’s stock valued at $142,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its stake in Uber Technologies by 32,808.8% in the fourth quarter. Altshuler Shaham Ltd now owns 1,005,034 shares of the ride-sharing company’s stock valued at $60,620,000 after acquiring an additional 1,001,980 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.