Cumberland Partners Ltd lowered its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 47.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,000 shares of the ride-sharing company’s stock after selling 50,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Uber Technologies were worth $3,956,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Uber Technologies in the 4th quarter worth about $2,515,094,000. Marshall Wace LLP grew its holdings in shares of Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 worth $776,883,000 after purchasing an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $265,205,000. Finally, Capital Research Global Investors raised its stake in 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 purchasing an additional 2,903,021 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 4.2%
Shares of UBER opened at $66.00 on Friday. Uber Technologies, Inc. has a fifty-two week low of $65.56 and a fifty-two week high of $101.99. The firm has a market cap of $134.36 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 5.79 and a beta of 1.12. The firm has a 50 day moving average price of $72.16 and a 200-day moving average price of $74.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
- Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
- Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
- Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
- Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
- Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski… lands a role in Travis Kalanick’s $1.7B robotics venture
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. BNP Paribas Exane cut shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. TD Cowen reaffirmed a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a report on Thursday, July 16th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Monday. Finally, UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.65.
View Our Latest Stock Analysis on UBER
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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