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Zurcher Kantonalbank increased its stake in Expedia Group, Inc. by 16.5% in Q4, holding 33,188 shares valued at $6.18 million. Insider transactions included Director Dara Khosrowshahi selling 10,000 shares, reducing his ownership by 5.60%. Analysts maintain a "Moderate Buy" rating for the stock, with a consensus price target of $193.61.
Circle has donated 1 million USDC to President-elect Donald Trump's inaugural committee, joining Ripple, Coinbase, and Kraken in support. The Trump-Vance Inaugural Committee aims to raise $150 million for inauguration events, with contributions already exceeding this goal. Trump's inauguration is scheduled for January 20, 2025, at the US Capitol, and the incoming administration is expected to create a more favorable regulatory environment for crypto assets.
U.S. stock futures are little changed following a mixed session, with Nasdaq futures dipping slightly. Nvidia shares hit an all-time high after strong AI demand and CEO remarks, while Uber's stock rose on a collaboration with Nvidia for autonomous driving technology. Inari Medical soared 30% after being acquired by Stryker for $4.9 billion, while Tencent's stock fell 7% after being added to the Pentagon's "Chinese military companies" blacklist.
A man, Nuruhussein Hussein, was arrested for allegedly stealing $300,000 in cryptocurrency from two passengers in Scottsdale, Arizona, by impersonating an Uber driver. He gained their trust, borrowed a phone, and transferred funds from their Coinbase accounts before threatening one victim when suspicion arose. Hussein faces charges of theft, fraud, and money laundering, with a secured bond set at $200,000, and is barred from internet access and overseas travel as the investigation continues.
Uber has partnered with China's WeRide to launch a robotaxi service in Abu Dhabi, starting with human drivers in the vehicles for safety. The service will operate between Saadiyat Island and Yas Island, with plans for fully driverless rides by 2025. WeRide, a Nasdaq-listed company, is also involved in autonomous vehicle testing in multiple global locations.
Expedia Group currently holds a consensus rating of "Hold" with a target price of $167.67. Recent insider transactions include CAO Lance A. Soliday selling 7,000 shares at $181.99 and Director Dara Khosrowshahi selling 10,000 shares at $150.21, reflecting a decrease in their holdings. Institutional investors own 90.76% of the company, which has a market cap of $23.75 billion and a PE ratio of 23.81.
Uber has launched 'Uber One', a subscription plan for Indian users, offering monthly, quarterly, and annual options priced at Rs 149, Rs 349, and Rs 1,499, respectively. This initiative aims to attract consumers in a competitive ride-hailing market, following its success in other countries. Globally, Uber boasts over 25 million Uber One members.
Nvidia's stock reached a new high, closing up 0.5% and marking a 196% increase in 2024, despite high expectations. Meanwhile, MicroStrategy dropped 16% after a short report, while Fannie Mae and Freddie Mac saw significant gains amid privatization speculation. Tesla shares rose 35% since the election, contrasting with Amazon's slight decline.
Uber's third-quarter results exceeded revenue expectations, reporting $11.19 billion against a forecast of $10.98 billion, while gross bookings fell short at $40.97 billion. The company achieved a net income of $2.6 billion, significantly up from $221 million a year prior, aided by a $1.7 billion pre-tax benefit from equity investments. Looking ahead, Uber anticipates fourth-quarter gross bookings between $42.75 billion and $44.25 billion, with adjusted EBITDA projected at $1.78 billion to $1.88 billion.
Dara Khosrowshahi
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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