Strategic Wealth Investment Group LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,439 shares of the ride-sharing company’s stock after selling 53,371 shares during the quarter. Uber Technologies accounts for about 1.3% of Strategic Wealth Investment Group LLC’s portfolio, making the stock its 29th biggest position. Strategic Wealth Investment Group LLC’s holdings in Uber Technologies were worth $10,495,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp increased its position in shares of Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.81% of the company’s stock.
Uber Technologies News Summary
- Positive Sentiment: Uber CEO Dara Khosrowshahi said AI tools have boosted employee productivity enough that the company is slowing hiring, which could support margins if the efficiency gains hold. The company also said it is capping AI spending after blowing through its annual budget in just one quarter, signaling tighter cost control. Article: Uber CEO Dara Khosrowshahi Says Company ‘Blew’ Through Its Annual AI Budget In A Single Quarter, Reports Increased Human Productivity
- Positive Sentiment: Uber is expanding its robotaxi ambitions with a large investment in Nuro, tied to plans for a major autonomous vehicle rollout using Lucid vehicles, which could strengthen its long-term growth story. Article: Uber commits nearly $500 million to Nuro robotaxi startup
- Neutral Sentiment: The company also announced a new grant round through its Health Access Fund with LISC to help low-income patients access transportation, which supports Uber’s brand and community relationships but is unlikely to move the stock on its own. Article: Uber and LISC open new grant application through Health Access Fund to bridge transportation gaps for low-income patients
- Neutral Sentiment: Several reports focused on whether Uber is a buy after recent weakness, reflecting ongoing investor debate rather than a clear new catalyst. Article: Is Trending Stock Uber Technologies, Inc. (UBER) a Buy Now?
- Negative Sentiment: Investors remain worried that robotaxis could disrupt Uber’s ride-hailing business, and reports said the company is recruiting fewer drivers in some self-driving markets and is making a bigger bet on autonomous vehicles to adapt. That shift adds uncertainty around Uber’s future moat and driver supply. Article: Uber is making a much bigger bet on robotaxis
- Negative Sentiment: Uber also cut 23% of roles in its People and Places division, a sign of restructuring that may help efficiency but can also reflect pressure to trim costs amid a more cautious outlook. Article: Uber Reshapes HR Team As Stock Trades Below Valuation Estimates
Uber Technologies Price Performance
Shares of NYSE UBER opened at $70.84 on Friday. The stock has a fifty day simple moving average of $73.53 and a two-hundred day simple moving average of $77.80. Uber Technologies, Inc. has a 1-year low of $68.46 and a 1-year high of $101.99. The firm has a market cap of $144.21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 6.01 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same period in the prior year, the company earned $0.83 earnings per share. Uber Technologies’s revenue was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently commented on UBER shares. Piper Sandler increased their price target on Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wolfe Research set a $100.00 price target on Uber Technologies in a research report on Friday, May 29th. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. Finally, TD Cowen started coverage on Uber Technologies in a research report on Monday, May 11th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.68.
Check Out Our Latest Report on Uber Technologies
Uber Technologies Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
Featured Articles
- Five stocks we like better than Uber Technologies
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
