AI Prospecting for Uber Technologies

Uber Technologies reported a strong Q3 2024, with earnings per share of $1.20, exceeding the consensus estimate of $0.41 by $0.79. Revenue was $11.19 billion, up 20.4% year-over-year, and the company announced several improvements to the earner experience, including enhanced rider verification and the “Record my Ride” feature[2][4].

Stevens Capital Management LP invested $1.21 million in Uber Technologies, buying 16,040 shares in the third quarter. Other institutional investors, such as Edgewood Management LLC, Legal & General Group Plc, and Janus Henderson Group PLC, also increased their stakes in Uber during the same period[1]. Uber's ride-sharing and delivery platforms are seeing increased demand, with gross bookings rising, driven by post-pandemic economic activities and the company's expansion into international markets[2]. The Uber Eats app will feature a Holiday Hub globally from December 3 to 25, transitioning to a New Year's Eve hub thereafter[5].

RBF Capital LLC increased its stake in Uber Technologies by 61.7% in the third quarter, buying an additional 98,000 shares, making Uber its 18th biggest position. Several analysts have raised their target prices for Uber, with a consensus rating of "Moderate Buy" and an average target price of $90.51[2]. The Uber Eats app will feature a Holiday Hub globally from December 3 to 25, transitioning to a New Year's Eve hub thereafter[5].