This afternoon we watched Uber Technologies rise 11.6% to a price of $65.29 per share. The Large-Cap Business Services company is now trading -17.63% below its average target price of $79.26. Analysts have set target prices ranging from $59.57 to $93.48 per share for Uber Technologies, and have given the stock an average rating of buy.
Uber Technologies's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 3.66. The company's insiders own 0.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.4%. In conclusion, we believe there is mixed market sentiment regarding Uber Technologies.
Institutions Invested in Uber Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 8% | 171,253,318 | $11,176,847,694 |
| 2024-03-31 | Blackrock Inc. | 7% | 139,882,729 | $9,129,446,222 |
| 2024-03-31 | FMR, LLC | 6% | 125,492,610 | $8,190,275,115 |
| 2024-03-31 | Morgan Stanley | 5% | 106,425,039 | $6,945,830,105 |
| 2024-03-31 | State Street Corporation | 4% | 79,074,941 | $5,160,825,976 |
| 2024-03-31 | Public Investment Fund | 3% | 72,840,541 | $4,753,937,863 |
| 2024-03-31 | JP Morgan Chase & Company | 3% | 70,286,009 | $4,587,216,334 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 39,993,503 | $2,610,175,948 |
| 2024-03-31 | Capital Research Global Investors | 2% | 39,947,547 | $2,607,176,630 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 39,636,463 | $2,586,873,733 |
