In the latest trading session, 2.69 million Uber Technologies Inc (NYSE:UBER) shares changed hands as the company’s beta touched 1.37. With the company’s most recent per share price at $72.02 changing hands around $0.47 or 0.65% at last look, the market valuation stands at $150.45B. UBER’s current price is a discount, trading about -20.8% off its 52-week high of $87.00. The share price had its 52-week low at $54.84, which suggests the last value was 23.85% up since then. When we look at Uber Technologies Inc’s average trading volume, we note the 10-day average is 17.99 million shares, with the 3-month average coming to 24.29 million.
Analysts gave the Uber Technologies Inc (UBER) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.37. If we narrow down to specifics, the data shows that 1 out of 32 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended UBER as a Hold, 30 felt it is a Buy and 0 rated the stock as Underweight.
Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER is in green as seen in intraday trades today. With action 1.15%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.39%, with the 5-day performance at 1.15% in the green. However, in the 30-day time frame, Uber Technologies Inc (NYSE:UBER) is -11.62% down. Looking at the short shares, we see there were 56.62 million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 85, meaning bulls need an upside of 15.27% from its recent market value. According to analyst projections, UBER’s forecast low is 42 with 99 as the target high. To hit the forecast high, the stock’s price needs a -37.46% plunge from its current level, while the stock would need to tank 41.68% for it to hit the projected low.
Uber Technologies Inc (NYSE:UBER)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.45% of Uber Technologies Inc shares while 83.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.67%. There are 83.30% institutions holding the Uber Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.4771% of the shares, roughly 176.19 million UBER shares worth $12.81 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.0951% or 147.47 million shares worth $10.72 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. With 72.99 shares estimated at $5.25 billion under it, the former controlled 3.49% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.00% of the shares, roughly 62.68 shares worth around $4.51 billion.
