Deltec Asset Management Rebalances Portfolio with Major Boeing Boost and Uber Trim

Key Facts

Deltec Asset Management LLC significantly adjusted its portfolio, boosting its Boeing stake by 418.5% while trimming its Uber Technologies position by 11.6%. Recent fourth-quarter data revealed diverging institutional sentiment, as Comerica Bank reduced its stake in Uber by 11.0%, selling over 52,000 shares. Conversely, major institutional investors including Vanguard Group, Northern Trust, and Capital World Investors increased their holdings in the ride-hailing giant. Managed Asset Portfolios LLC also aggressively raised its Uber stake by 837.3%, reaching a total value of $6.39 million. Analysts maintain a "Moderate Buy" rating on UBER with a price target of $105.14, even as Deltec slashed its Delta Air Lines holding by 78.3% amid broader rebalancing efforts.

Version History