UBER

Uber Technologies Inc

TMT, Industrial/Transportation


Presented:06/17/2021
Price:$49.70
Cap:$93.34B
Current Price:$83.20
Cap:$174.80B

Presented

Date06/17/2021
Price$49.70
Market Cap$93.34B
Ent Value$105.64B
P/E RatioN/A
Book Value$7.28
Div Yield0%
Shares O/S1,877.98M
Ave Daily Vol19,141,288
Short Int4.08%

Current

Price$83.20
Market Cap$174.80B
Uber Technologies, Inc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs. The Rides segment refers to products that connect consumers with Rides Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. The Eats segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment leverages proprietary technology, brand awareness, and experience revolutionizing industries to connect carriers with shippers on its platform, and gives carriers upfront, transparent pricing and the ability to book a shipment. The Other Bets segment consists of multiple investment stage offerings. The ATG and Other Technology Programs segment primarily responsible for the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was founded by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Delivery Hero SE (DHER GR), GrubHub Inc (GRUB), Uber Technologies Inc (UBER) 

Highlights

The presenter is long shares of Uber Technologies Inc (UBER), the leading global ride-sharing and food delivery platform, seeing multiple catalysts on the horizon that should cause the stock to rerate higher from current levels. UBER saw massive COVID-related tailwinds, which accelerated the adoption of their food delivery service. With UBER’s delivery business growing every month, UBER’s revenue will become evenly split (50/50) between its ride-hailing and food delivery business by 2022 (ride sharing is currently a bit more than half). 

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