Capital Research Global Investors Adds $196M in Uber Technologies, Inc. ($UBER)
Key Points
- Capital Research Global Investors changed its Uber Technologies, Inc. ($UBER) stake by 2.5% last quarter, boosting to 116,339,639 shares worth $7.91 billion.
- Wall Street's consensus rating on $UBER is Strong Buy and an average price target of $104.43.
- $UBER last traded around $68.02.
Capital Research Global Investors increased its position in Uber Technologies, Inc. ($UBER) by 2.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,339,639 shares of Uber Technologies, Inc. after buying 2,883,263 shares during the quarter. Capital Research Global Investors's holdings in Uber Technologies, Inc. were worth $7.91 billion as of its most recent filing.
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About Uber Technologies, Inc.
Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company 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. The Delivery segment allows consumers to search for and discover restaurants to grocery, alcohol, convenience, and other retailers, as well as order a meal or other items, and either pick-up at the restaurant or have it delivered; and provides Uber direct, a white-label delivery-as-a-service for retailers and restaurants, as well as advertising services. The Freight segment manages transportation and logistics networks, which connects shippers and carriers in digital marketplace, including carriers upfronts, pricing, and shipment booking; and offers on-demand platform to automate logistics end-to-end transactions for small-and medium-sized businesses to global enterprises. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
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