Uber Technologies Receives Upgrade from Gordon Haskett: A Closer Look at Investor Sentiment
On October 31, 2024, Gordon Haskett improved their outlook for Uber Technologies (BVC:UBER), moving it from Hold to Buy.
Investor Sentiment on Uber Technologies
Currently, 2,948 funds or institutions have reported their positions in Uber Technologies, marking an increase of 68 owners or 2.36% from the previous quarter. The average portfolio weight allocated to UBER has risen by 7.71% to 0.65%. Over the last three months, total shares owned by institutions grew by 8.77% to reach 2,026,306K shares.
Public Investment Fund holds 72,841K shares, which corresponds to 3.47% ownership, with no change reported last quarter.
JPMorgan Chase has 71,838K shares, representing 3.42% ownership. Previously, they held 70,286K shares, indicating an increase of 2.16%. However, their portfolio allocation in UBER decreased by 6.30%.
The VTSMX – Vanguard Total Stock Market Index Fund Investor Shares maintains 62,727K shares or 2.99% ownership, up from 62,010K shares last quarter, reflecting a 1.14% increase. Despite this, their overall portfolio allocation in UBER has fallen by 7.14%.
VFINX – Vanguard 500 Index Fund Investor Shares has 53,629K shares securing 2.55% ownership. This is an increase from 51,859K shares, with a rise of 3.30%, although the firm reduced its portfolio allocation in UBER by 7.59%.
Capital Research Global Investors possesses 53,030K shares, which is 2.52% ownership. They’ve notably increased their holdings from 39,948K shares, showing a substantial rise of 24.67% and boosting their portfolio allocation by 21.53%.
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