Rep. Jefferson Shreve Buys Uber Technologies, Inc. (NYSE:UBER) Shares

by · The Cerbat Gem

Representative Jefferson Shreve (R-Indiana) recently bought shares of Uber Technologies, Inc. (NYSE:UBER). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Uber Technologies stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

  • Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
  • Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
  • Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
  • Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
  • Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Uber Technologies Price Performance

Uber Technologies stock opened at $82.60 on Monday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.50. The stock has a market cap of $172.73 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $74.72 and its 200 day simple moving average is $71.48.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently made changes to their positions in UBER. Caisse Des Depots ET Consignations grew its position in Uber Technologies by 17.8% in the 1st quarter. Caisse Des Depots ET Consignations now owns 91,079 shares of the ride-sharing company’s stock valued at $6,636,000 after buying an additional 13,752 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Uber Technologies by 12.2% during the 1st quarter. AlphaCore Capital LLC now owns 14,095 shares of the ride-sharing company’s stock valued at $1,027,000 after buying an additional 1,529 shares during the last quarter. Flagship Wealth Advisors LLC lifted its holdings in Uber Technologies by 38.6% in the 1st quarter. Flagship Wealth Advisors LLC now owns 1,975 shares of the ride-sharing company’s stock valued at $144,000 after purchasing an additional 550 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Uber Technologies by 10.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,600,733 shares of the ride-sharing company’s stock worth $262,349,000 after purchasing an additional 349,437 shares during the period. Finally, Accuvest Global Advisors purchased a new position in shares of Uber Technologies during the 1st quarter worth about $1,169,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UBER shares. KeyCorp increased their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America boosted their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Barclays raised their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Raymond James raised their target price on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Check Out Our Latest Stock Analysis on UBER

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,904 shares of company stock valued at $6,027,619. 3.84% of the stock is currently owned by company insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.

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