Strategic Global Advisors LLC increased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 57.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,596 shares of the ride-sharing company’s stock after acquiring an additional 18,031 shares during the quarter. Strategic Global Advisors LLC’s holdings in Uber Technologies were worth $4,052,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of UBER. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Marshall Wace LLP boosted its position in shares of Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after acquiring an additional 5,293,822 shares during the period. Capital Research Global Investors boosted its position 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 valued at $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Finally, Egerton Capital UK LLP bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $219,079,000. 80.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
UBER has been the subject of a number of analyst reports. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a research report on Monday, May 11th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, May 26th. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research note on Friday, May 29th. Finally, Truist Financial raised their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.97.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
- Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
- Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
- Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
- Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?
Uber Technologies Trading Down 0.3%
Shares of UBER opened at $68.67 on Monday. The firm’s 50 day simple moving average is $73.41 and its 200 day simple moving average is $77.11. The company has a market capitalization of $139.79 billion, a P/E ratio of 17.13, a P/E/G ratio of 5.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $67.19 and a 1-year high of $101.99.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.
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.
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