Shares of Uber Technologies, Inc. (NYSE:UBER – Get Free Report) traded up 5% during trading on Monday . The company traded as high as $74.56 and last traded at $73.8860. 23,875,710 shares traded hands during trading, an increase of 24% from the average session volume of 19,218,301 shares. The stock had previously closed at $70.40.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber announced a strategic robotaxi program in Munich with Autobrains and NVIDIA, which could strengthen its autonomous-driving roadmap and support future revenue growth. Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion
- Positive Sentiment: Multiple reports said Uber’s Munich robotaxi push helped drive the stock higher as investors viewed it as a meaningful step toward commercialization of autonomous ride-hailing. Uber and Autobrains target Munich for robotaxi rollout
- Positive Sentiment: Uber has also been highlighted as an “elite” Jeff Bezos stock pick, reinforcing a favorable long-term investor narrative around the company’s strategic position. Uber Technologies (UBER): One of the Elite Jeff Bezos Stocks to Buy
- Neutral Sentiment: Uber’s recent pullback has drawn valuation-focused attention, with some investors reassessing whether the stock is attractive after the decline. A Look At Uber Technologies (UBER) Valuation After Recent Pullback And Türkiye Expansion Moves
- Negative Sentiment: Uber’s reported Delivery Hero takeover ambitions may face an obstacle if Prosus increases its stake, which could make any deal harder or more expensive. Prosus considering raising Delivery Hero stake in bid to thwart Uber takeover
Analyst Ratings Changes
A number of analysts have commented on the stock. Macquarie Infrastructure raised shares of Uber Technologies to an “outperform” rating in a report on Monday, May 11th. Piper Sandler increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Morgan Stanley reduced their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Citizens Jmp reissued a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. Finally, Truist Financial increased their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $104.68.
Uber Technologies Stock Up 5.0%
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 company’s 50-day simple moving average is $73.71 and its 200 day simple moving average is $78.42. The firm has a market cap of $150.40 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 5.99 and a beta of 1.12.
Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.
Insider Activity
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.81% of the company’s stock.
Institutional Investors Weigh In On Uber Technologies
Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Uber Technologies in the 4th quarter worth about $2,515,094,000. Marshall Wace LLP grew its position in shares of Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after buying an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after buying an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Uber Technologies in the 1st quarter worth approximately $222,983,000. Institutional investors own 80.24% of the company’s stock.
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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