USS Investment Management Ltd lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 3.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 348,726 shares of the ride-sharing company’s stock after purchasing an additional 11,286 shares during the quarter. USS Investment Management Ltd’s holdings in Uber Technologies were worth $25,082,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Tcfg Wealth Management LLC raised its position in Uber Technologies by 12.5% in the 1st quarter. Tcfg Wealth Management LLC now owns 7,451 shares of the ride-sharing company’s stock valued at $536,000 after buying an additional 825 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Uber Technologies by 4.3% in the 1st quarter. IFM Investors Pty Ltd now owns 398,902 shares of the ride-sharing company’s stock valued at $28,693,000 after acquiring an additional 16,378 shares in the last quarter. Trinity Street Asset Management LLP boosted its position in Uber Technologies by 16.8% during the 1st quarter. Trinity Street Asset Management LLP now owns 337,572 shares of the ride-sharing company’s stock worth $24,282,000 after acquiring an additional 48,500 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its position in Uber Technologies by 15.4% during the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 3,166 shares of the ride-sharing company’s stock worth $228,000 after acquiring an additional 423 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH grew its stake in shares of Uber Technologies by 16.5% during the 1st quarter. North Point Portfolio Managers Corp OH now owns 190,930 shares of the ride-sharing company’s stock worth $13,734,000 after acquiring an additional 27,051 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on UBER shares. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a report on Friday, June 26th. BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Piper Sandler raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada began coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.54.
Uber Technologies Stock Down 4.7%
UBER stock opened at $71.95 on Wednesday. The company has a market cap of $146.46 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 6.42 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The business has a 50 day moving average price of $73.28 and a two-hundred day moving average price of $75.82. The company has a quick ratio of 1.07, a current 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 (EPS) 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 return on equity of 41.40% and a net margin of 15.91%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Uber ended its Phoenix robotaxi partnership with Waymo, removing Waymo rides from the Uber app and renewing worries about Uber’s long-term autonomous-driving strategy. Waymo and Uber end robotaxi pilot in Phoenix
- Negative Sentiment: Analysts and commentators suggested the split could weigh on Uber shares by increasing uncertainty around future robotaxi partnerships and competitive positioning in autonomous ride-hailing. Uber, Waymo end robotaxi partnership in Phoenix
- Negative Sentiment: Uber also drew attention for tightening driver background checks amid rider-safety lawsuits, which could add compliance costs and keep safety concerns in the spotlight. Uber changes key rule for drivers amid rider safety lawsuits
- Neutral Sentiment: OpenAI hired a former Uber India executive to lead its India growth efforts, a move that reflects Uber talent being sought elsewhere but has no direct business impact on Uber’s current operations. OpenAI Deepens India Bet, Hires Ex-Uber Executive To Drive Growth, Partnerships
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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