Sterling Capital Management LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 40.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,890 shares of the ride-sharing company’s stock after selling 34,414 shares during the quarter. Sterling Capital Management LLC’s holdings in Uber Technologies were worth $3,589,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC purchased a new position in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC acquired a new stake in Uber Technologies in the third quarter valued at approximately $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a report on Monday, May 11th. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group set a $115.00 target price on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.97.
Uber Technologies Stock Performance
Shares of UBER opened at $76.09 on Friday. The company has a market capitalization of $154.90 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 6.48 and a beta of 1.12. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $73.40 and a 200 day moving average price of $76.11.
Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 15.91% and a return on equity of 41.40%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
- Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
- Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
- Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber’s Robotaxi Vision Could Take Years To Play Out: Analyst
- Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
- Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
- Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber’s robotaxi vision could take years to play out: Analyst
Uber Technologies Company 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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