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NWM Advisors LLC Purchases New Position in Uber Technologies, Inc. $UBER
NWM Advisors LLC has initiated a significant new position in Uber Technologies (NYSE:UBER) during the fourth quarter, acquiring 35,318 shares valued at approximately $2.89 million, making it their 12th largest holding. This move comes as institutional ownership in Uber remains high, with major investors like Vanguard and Northern Trust increasing their stakes. Uber recently reported strong Q1 earnings with EPS of $0.72, exceeding estimates, and a 14.5% year-over-year revenue increase to $13.2 billion, maintaining a “Moderate Buy” consensus rating from analysts.