Swiss Life Asset Management Ltd reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 13.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 598,139 shares of the ride-sharing company’s stock after selling 93,999 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Uber Technologies were worth $48,874,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies during the 3rd quarter worth $25,000. Ares Financial Consulting LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $28,000. Imprint Wealth LLC bought a new stake in shares of Uber Technologies during the 3rd quarter worth $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Uber Technologies during the 3rd quarter worth $34,000. Finally, Hager Investment Management Services LLC boosted its holdings in shares of Uber Technologies by 276.2% during the 4th quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 359 shares during the period. 80.24% of the stock is owned by institutional investors.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber beat Q1 earnings expectations and issued a stronger-than-expected Q2 bookings outlook, suggesting continued demand in rideshare, delivery, and freight. Uber Jumps 7.6% After Stronger-Than-Expected Bookings Forecast
- Positive Sentiment: Uber Eats expanded its retail reach by adding more than 1,500 Ulta Beauty stores, which could boost same-day delivery volume and support growth beyond restaurant delivery. Uber Eats and Ulta Beauty Team Up to Deliver Beauty Essentials Nationwide
- Positive Sentiment: Uber One surpassed 50 million members, and those members now drive a large share of gross bookings, reinforcing the value of Uber’s subscription and loyalty ecosystem. Uber One Crosses 50 Million Members and Signals a Fundamental Business Transformation
- Positive Sentiment: Several analysts raised price targets or reiterated bullish ratings after the earnings report, signaling higher expectations for Uber’s long-term profitability and platform strength. Uber Zooms Ahead On Platform Strength, Analysts Revise Estimates After Q1 Print
- Neutral Sentiment: Uber-backed Lime filed for an IPO after revenue growth, which highlights the value of Uber’s broader mobility ecosystem, but it is not a direct near-term driver for Uber’s core earnings. Lime Files IPO After Revenue Climbs To $886.7 Million
- Neutral Sentiment: Uber’s management continued to emphasize autonomous vehicles as a long-term opportunity, but investors are still waiting for that potential to translate into clear financial results. Uber CEO Dara Khosrowshahi Sees ‘Trillion-Dollar’ Self-Driving Opportunity
- Negative Sentiment: News that Uber partner Avride is under investigation for self-driving crashes adds fresh caution around the autonomous-vehicle theme, which could weigh on sentiment toward Uber’s robotaxi strategy. Uber partner Avride is under investigation for self-driving crashes
Uber Technologies Trading Up 0.1%
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, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 3.28 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Uber Technologies news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.81% of the company’s stock.
Analyst Upgrades and Downgrades
UBER has been the subject of several recent analyst reports. The Goldman Sachs Group set a $115.00 price objective on shares of Uber Technologies in a report on Thursday. UBS Group decreased their price objective on shares of Uber Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 1st. KeyCorp decreased their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Weiss Ratings cut shares of Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Finally, Piper Sandler upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $105.40.
Check Out 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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