Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s share price reached a new 52-week low on Friday . The stock traded as low as $66.60 and last traded at $66.3450, with a volume of 10804546 shares traded. The stock had previously closed at $68.91.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s AI-driven restructuring could improve margins by reducing customer service expenses and streamlining operations. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
- Positive Sentiment: Uber won a court injunction blocking a New York City driver deactivation rule, preserving flexibility in how it manages drivers on its platform. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
- Neutral Sentiment: Uber is getting attention from investors tied to the autonomous-vehicle theme, including comments from Bill Ackman that the stock may be cheap relative to Tesla robotaxi concerns. Bill Ackman Says Tesla Robotaxi Fears Are Creating a ‘Very Cheap’ Buying Opportunity for UBER
- Neutral Sentiment: Former Uber CEO Travis Kalanick’s new robotics venture raised $1.7 billion with backing that includes Uber, reinforcing the company’s connection to the broader AI and automation ecosystem. Anthony Levandowski, pardoned for stealing 14,000 Google files, lands a role in Travis Kalanick’s $1.7B robotics venture
- Negative Sentiment: The layoffs and repeated restructuring headlines may worry investors about broader pressure on Uber’s customer operations and the pace of its AI transition. Uber Cuts 10% of Customer Service Jobs to ‘Embrace’ AI
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Wedbush began coverage on Uber Technologies in a research note on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. KeyCorp reduced their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Tigress Financial lifted their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. TD Cowen reaffirmed a “buy” rating and issued a $118.00 price target on shares of Uber Technologies in a research note on Thursday, July 16th. Finally, Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.65.
Uber Technologies Trading Down 4.2%
The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day moving average is $72.35 and its 200-day moving average is $74.78. The company has a market capitalization of $134.38 billion, a P/E ratio of 16.51, a P/E/G ratio of 5.91 and a beta of 1.12.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.98 earnings per share for the current year.
Hedge Funds Weigh In On Uber Technologies
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,670,761 shares during the last quarter. Capital Research Global Investors increased its holdings in Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC raised its position in 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 acquiring an additional 1,602,596 shares during the period. Norges Bank bought a new position in Uber Technologies in the fourth quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp boosted its stake in shares of Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
About Uber Technologies
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.
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