Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. If you’ve decided the pros of investing in the company outweigh the cons, complete the order page, click the “Place Order” button at the bottom, and become an Uber shareholder. However, it’s important to keep in mind that even a disruptive business can be disrupted by factors outside its control. If you want to buy shares of Uber, follow these four steps.

Unlock your free copy of MarketBeat’s comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you’ll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street’s top analysts. According to ETF.com, 243 funds held 135.7 million shares of Uber in early 2024. Transportation ETF (IYT -0.23%) had 2.19 million shares of its holdings in Uber stock. The 14.65% weighting of its Uber stock was the most of any fund tracked by the site.

Uber and Lyft unintentionally sent gig workers’ SSN numbers to social media companies, researchers report

The firm has a fifty day moving average price of $75.49 and a 200 day moving average price of $71.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. But most stock splits, especially in the tech sector, are designed to make shares more affordable for the average investor. Although Uber stock has been on the rise since its first quarterly profit was announced in late 2023, its share prices don’t yet appear out of reach for the average retail investor. When the ridesharing king began offering Uber stock in 2019, its initial public offering (IPO) was expected to be one of the hottest new investments in the stock market, valued at as much as $120 billion. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

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Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company. Uber announced new features aimed at making it easier for riders to choose EVs in the ride-sharing app, as well as a new AI assistant to help drivers evaluate switching to an EV. Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising. Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year’s Eve, and Camp needed help finding a taxi on a snowy night in Paris.

GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC grew its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter.

Uber Technologies Company Profile

Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of “Uber AI,” a department dedicated to exploring and researching AI technologies and machine learning.

Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.51. When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest. The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai’s initial… A number of institutional investors and hedge funds have recently bought and sold shares of UBER.

As always, though, remember that past performance doesn’t guarantee future results. H-E-B Grocery is the fifth-largest private company in the U.S. Because it’s a private company, it’s off-limits to most investors. Upgrade to MarketBeat All Access to add more stocks to your review profit first: transform your business from a cash-eating monster to a money-making machine watchlist. Sign-up to receive the latest news and ratings for Uber Technologies and its competitors with MarketBeat’s FREE daily newsletter.

The company issued 180,000,000 shares at $44.00-$50.00 per share. Uber Technologies scored higher than 100% of companies evaluated by MarketBeat, and ranked 3rd out of 644 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Move Over, Uber. Billionaire David Tepper Just Raised Appaloosa’s Stake in This Other Ride-Hailing Stock By 98%.

• It’s one of few stocks to have doubled in value during 2023.
• Finally, Bank of America increased their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.
• Uber Technologies launched “XXL” rides with extra trunk space on Wednesday, betting on increased demand stemming from Thanksgiving holiday travelers, as the ride-hailing company seeks to overcome a sl…
• The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.
• A New Jersey couple is being denied the ability to sue rideshare company Uber following a life altering accident citing Uber’s terms of service agreement.
• The 14.65% weighting of its Uber stock was the most of any fund tracked by the site.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Ridesharing companies like Uber are poised inside bar trading strategy for long-term growth due to slowing growth in vehicle ownership, rising vehicle costs, and declining vehicle usage.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… However, Uber share prices don’t appear to be headed in reverse any time soon. The company is focusing on its bread and butter, is investing in R&D, and has relatively few red lights on its path. Again, investors probably don’t want to bet the farm on an Uber stock split. A number of analysts are bullish on the company’s prospects, given its recent profits and continued growth.

Uber’s mobility segment, generating $6.41 billion in Q3 2024, remains the core of its business, driving impressive share-price gains and robust growth post-Covid. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. After starting trading at $45 per share, Uber stock dropped like a rock to $41.70, suffering the largest first-day loss in U.S. history.

PonyAI ups the size of its Forex returns IPO ahead of its U.S. stock-market debut with Uber as a potential investor.