UBER News and Headlines - Uber Technologies Inc

GuruFocus Articles Total 95
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Gates' family trust picks up new holding

The Bill and Melinda Gates Foundation Trust, founded by Bill Gates (Trades, Portfolio) and his wife Melinda in 2000, has revealed a new holding in Voya Asia Pacific High Dividend Equity Income Fund (IAE).

The Bill and Melinda Gates Foundation is the largest private foundation in the world with over $40 billion in total assets. Six years after it was established, the group's trustees created a two-entity structure: the Foundation, which distributes money to grantees, and the Foundation Trust, which manages the group's endowment. The investments of the Foundation Trust are managed by an outside team

0 Views    Graham Griffin    2020-11-25 19:29
The sharing economy is in the hot seat as Airbnb heads to the public market

On Nov. 16, Airbnb filed its S-1 registration statement with the Securities and Exchange Commission, setting the stage for a much-anticipated initial public offering. Airbnb, which allows travelers to book short-term rentals and experiences, will be the latest sharing economy leader to trade publicly, joining the likes of Uber Technologies Inc. (UBER), Lyft Inc. (LYFT), and Grubhub Inc. (GRUB).

Airbnb's IPO will mark a major test for the resilience of the sharing economy amidst untold economic disruption.

Financials present a mixed bag

While most investors in tech stocks tend to be concerned with top-line

48 Views    John Engle    2020-11-24 20:21
Guru shuffles several top holdings

Mario Cibelli (Trades, Portfolio), leader of Marathon Capital Management, has released his portfolio for the third quarter. Major trades include changes in the holdings of Stitch Fix Inc. (SFIX), Uber Technologies Inc. (UBER), World Wrestling Entertainment Inc. (WWE), The Simply Good Foods Co. (SMPL) and PayPal Holdings Inc. (PYPL).

Cibelli launched Marathon Partners in 1997 after working with Mario Gabelli (Trades, Portfolio) at Gamco Investors. He is a long-term investor who seeks stocks that will double in value over a three- to five-year holding period regardless of current market conditions. Cibelli is known for

180 Views    Graham Griffin    2020-11-23 21:37
Viking Global releases portfolio. Also makes a real-time sell in biotech company

Andreas Halvorsen (Trades, Portfolio), a founding partner of Viking Global, disclosed this week that his firm's top sells during the third quarter were in Amazon.com Inc. (AMZN), Comcast Corp. (CMCSA), Uber Technologies Inc. (UBER) and JD.com Inc. (JD). The firm also disclosed a reduction of its Adaptive Biotechnologies Corp. (ADPT) holding.

Prior to finding the Greenwich, Connecticut-based firm, Halvorsen worked as senior managing director and director of equities at Julian Robertson (Trades, Portfolio)'s Tiger Management. Viking mentions on its website that it employs a research-intensive, long-term investment approach and selects stocks across industries and

174 Views    James Li    2020-11-20 19:13
Firms whose return on invested capital exceeds their weighted average cost of capital will enhance value as sales grow

The search for profitable investment opportunities on Wall Street - equities that have the potential to beat market averages - begins with a simple question for me: what do these publicly-traded firms do for investors?

Another important question to consider is whether to allocate money in different business opportunities, i.e. coffee-shops, burger chains, electric car manufacturing, retail stores, electronic trade, software development, etc., or to be more concentrated. Rather than buying stocks, investors could also buy stock or bond ETFs, in which shareholders or corporate debt holders hand their money to managers of different firms to invest it for them.

1298 Views    Panos Mourdoukoutas    2020-11-08 21:50
The ride-sharing companies have a serious problem with their business model

Uber Technologies Inc. (UBER) and Lyft Inc. (LYFT) are textbook cases of good companies that make bad investments.

They are good companies because they offer great services to consumers. Their apps and network of drivers make riding around cities easy and efficient.

They are bad investments because they cannot deliver superior returns on Wall Street. Returns that beat major market averages, that is.

Since they went public, the two companies have reported a stream of losses, including the one Uber delivered on Thursday.

Uber and Lyft are young companies. Therefore, Wall Street should focus on revenue growth, not earnings.

Over

194 Views    Panos Mourdoukoutas    2020-11-06 19:21
Nasdaq gains 2.59%

The Dow Jones Industrial Average closed at 28,390.18 on Thursday with a gain of 542.52 points or 1.95%. The S&P 500 closed at 3,510.45 for a gain of 67.01 points or 1.95%. The Nasdaq Composite closed at 11,890.93 for a gain of 300.15 points or 2.59%. The VIX Volatility Index was lower at 27.58 for a loss of 1.99 points or -6.73%

Thursday's Market Movers

U.S. indexes closed higher Thursday, adding to the strong start for November and the election week rally. The Fed kept interest rates at 0% to 0.25%. It also said it would continue to be proactive

25 Views    Julie Young    2020-11-06 14:40
Markets up, shares of Zynga falls on earnings

US Markets

U.S. stocks were in the green on Thursday morning. The Dow gained 2.2% to 28,462, the S&P 500 index jumped 2.38% to3,525 and the Nasdaq Composite Index was up 2.6% to 11,893.

Gainers

• United Rentals (URI) +4.8%

• Duke Energy (DUK) +3.6%

• Uber Technologies (UBER) +1.5%

• Loews Corp (L) +1.8%

• Mohawk Industries Inc (MHK) +1%

Losers

• Hanesbrands Inc. (HBI) -19.8%

• Biogen Inc. (BIIB) -7.2%

• Incyte Corporation (INCY) -5.7%

Global Markets

The main European stock markets traded in the green. The U.K.'s FTSE 100 gained 0.63%, France's CAC 40 inched

32 Views    Omar Venerio    2020-11-05 17:08
Nasdaq gains 3.85%

The Dow Jones Industrial Average closed at 27,847.66 on Wednesday with a gain of 367.63 points or 1.34%. The S&P 500 closed at 3,443.44 for a gain of 74.28 points or 2.20%. The Nasdaq Composite closed at 11,590.78 for a gain of 430.21 points or 3.85%. The VIX Volatility Index was lower at 29.57 for a loss of 5.98 points or -16.82%.

Wednesday's Market Movers

U.S. indexes ended higher Wednesday. The Nasdaq gained 3.85%, led by biotech.

On the earnings calendar, Lending Club (LC) reported earnings. Revenue of $74.7 million decreased -63.5% year over year and beat estimates by $16.66

32 Views    Julie Young    2020-11-05 14:43
Markets up, National Research jumps on earnings

U.S. Markets

U.S. stocks were in the green on Wednesday, with Donald Trump and Joe Biden head to head in the presidential election. The Dow gained 1.06% to 27,771, the S&P 500 index jumped 1.76% to 3,427 and the Nasdaq Composite Index was up 2.90% to 11,482.

Gainers

  • PVH (PVH) +5.7%
  • United Rentals (URI) +4.6%
  • Uber Technologies (UBER) +2.7%
  • Mohawk Industries Inc. (MHK) +2%
  • Loews Corp. (L) +1.5%

Losers

  • The Mosaic Co. (MOS) -12.2%
  • Leggett & Platt Inc. (LEG) -4.7%
  • National Oilwell (NOV) -0.4%

Global markets

The main European stock markets traded in the

40 Views    Omar Venerio    2020-11-04 14:55
We became extremely bearish on energy in 2011. At the time, we saw interest in Seattle for hybrid and electric cars

We became extremely bearish on energy in 2011. At the time, we saw interest in Seattle for hybrid and electric cars. This convinced us that 10% of the cars on the road nationwide might be hybrid and electric by 2020. In actuality, only 2% of total unit sales in the U.S. were electric vehicles over the last 10 years. We also felt back then that the enthusiasm among investors for emerging markets and China was overblown and would cause oil demand forecasts to fall short of expectations.

It turns out we were wrong, because we were too early in

133 Views    Smead Capital Management    2020-09-29 18:35
Nasdaq gains 1.87%

The Dow Jones Industrial Average closed at 27,584.06 on Monday with a gain of 410.10 points or 1.51%. The S&P 500 closed at 3,351.60 for a gain of 53.14 points or 1.61%. The Nasdaq Composite closed at 11,117.53 for a gain of 203.96 points or 1.87%. The VIX Volatility Index was lower at 26.19 for a loss of 0.19 points or -0.72%.

Monday's Market Movers

The major U.S. indexes continued a run higher, closing with gains for a third day. In morning trading, investors were pleased with economic data from China. U.S. trading also trended higher as most major global

44 Views    Julie Young    2020-09-29 13:44
Guru releases 2nd-quarter portfolio

Marathon Capital Management leader Mario Cibelli (Trades, Portfolio) released his second-quarter portfolio earlier this month.

Known for focusing on less efficient portions of the market, the activist investor's New York-based firm relies on fundamental research to find long-term opportunities among undervalued stocks that he believes will double in three to five years.

Keeping these strategies in mind, the guru's most notable trades for the quarter included a new position in The Simply Good Foods Co. (SMPL) as well as the sale of US Foods Holding Corp. (USFD) and Performance Food Group Co. (PFGC), which used to be

268 Views    Sydnee Gatewood    2020-08-31 21:15
Technology leads gains

The Dow Jones Industrial Average closed at 27,739.73 on Thursday with a gain of 46.85 points or 0.17%. The S&P 500 closed at 3,385.51 for a gain of 10.66 points or 0.32%. The Nasdaq Composite closed at 11,264.95 for a gain of 118.49 points or 1.06%. The VIX Volatility Index was higher at 22.72 for a gain of 0.18 points or 0.80%

Thursday's market movers

The major U.S. indexes closed higher Thursday. Technology led the day's gains with the real estate sector also a strong contributor.

Stocks rebounded from Wednesday's afternoon selloff. Federal Reserve Chairman Jerome Powell will discuss the

117 Views    Julie Young    2020-08-20 21:15
5th day of gains

The Dow Jones Industrial Average closed at 27,386.98 on Thursday with a gain of 185.46 points or 0.68%. The S&P 500 closed at 3,349.16 for a gain of 21.39 points or 0.64%. The Nasdaq Composite closed at 11,108.07 for a gain of 109.67 points or 1.00%. The VIX Volatility Index was lower at 22.65 for a loss of 0.34 points or -1.48%.

Thursday’s Market Movers

The major U.S. indexes closed higher Thursday for a fifth day of gains. Tech stocks led gains for the day with a 19.5% gain from the mortgage conglomerate Rocket Companies (RKT) in its initial public

44 Views    Julie Young    2020-08-07 14:06
One sign of a good stock is rapid revenue growth

One sign of a good stock is rapid revenue growth.

Sure, profits are what ultimately count. But you can’t grow profits for long unless revenue is growing too.

Right now, some investors are chasing companies with fast revenue growth but scant earnings or none – the likes of Uber Technologies Inc. (UBER) and Tesla Inc. (TSLA). I’m not about to jump on that bandwagon.

I prefer companies with a history of profitability, and with a stock selling for a reasonable multiple of earnings.

Today I will highlight a few stocks that have shown revenue growth of 15% or more in

47 Views    John Dorfman    2020-07-27 13:49
The all-stock acquisition will catapult Uber Eats to second place in US food delivery

On Monday morning, Uber Technologies Inc. (UBER) announced that its board of directors has agreed to buy one of its rivals in the meal delivery space, Postmates, in an all-stock transaction valued at approximately $2.65 billion (according to current market values). Uber estimates that it will need to issue about 84 million shares for the acquisition, which will have comparatively little effect on its existing 1.734 billion shares.

Shares of Uber were up approximately 4.89% to $32.39 in midday trading following the announcement.

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According to the announcement, the transaction brings together the companies’ complementary

141 Views    Margaret Moran    2020-07-06 19:39
Dow jumps +300 points, Uber advances on deal

US markets

U.S. stocks were in the green Monday morning on positive economic activity in the non-manufacturing sector. The NMI® index reached 57.1%, up from the May reading of 45.4%. The Dow Jones Industrial Average gained 1.50% to 26,218, the S&P 500 index rose 1.62% to 3,180 and the Nasdaq Composite Index jumped 2.46% to 10,456.

Gainers

171 Views    Omar Venerio    2020-07-06 16:07
Why is a car manufacturer getting a highly absurd valuation?

Tesla Inc. (TSLA) dethroned Toyota (TM) as the most valuable car company in the world this past week. Shares of the Palo Alto, California-based carmaker have almost doubled so far this year despite the ongoing pandemic, while its peers stumbled and had to cut their dividends to preserve cash flow. Is it still justifiable to value Tesla as a car manufacturer at this point?

On Thursday, Tesla registered a market capitalization of $224 billion, while Japan's Toyota ended up with $204 billion. On the other hand, Detroit-based auto manufacturers Ford (F) and General Motors (GM) together were valued at $60

396 Views    Mark Yu    2020-07-03 19:03
The largest Insider Buys this week were for Bristol-Myers Squibb Company, Cigna Corp., Uber Technologies Inc. and Enterprise Products Partners LP

According to GuruFocus data, the largest Insider Buys this week were for Bristol-Myers Squibb Company (BMY), Cigna Corp. (CI), Uber Technologies Inc. (UBER) and Enterprise Products Partners LP (EPD).

Bristol-Myers Squibb Director Dinesh C. Paliwal bought 9,174 shares

Director Dinesh C. Paliwal bought 9,174 shares on June 15 at the average price of $54.50. The price of the stock has increased by 3.5% since.

Bristol-Myers Squibb Company is an American international pharmaceutical company that manufactures prescription pharmaceuticals in various therapeutic areas including cancer, cardiovascular diseases, diabetes, hepatitis and HIV. The company has a market capitalization of $127.64 billion, and as

322 Views    Shuda Xia    2020-06-20 17:04

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2020-11-24 $ 51.26 (2.44%)
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