Provident Investment Management Inc. Lowers Stock Holdings in Uber Technologies, Inc. $UBER

Provident Investment Management Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 83.8% in the fourth quarter, Holdings Channel reports. The firm owned 17,830 shares of the ride-sharing company’s stock after selling 92,361 shares during the period. Provident Investment Management Inc.’s holdings in Uber Technologies were worth $1,457,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Uber Technologies by 129.7% in the 4th 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 period. Massachusetts Financial Services Co. MA boosted its position in shares of Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after purchasing an additional 2,901,936 shares in the last quarter. C WorldWide Group Holding A S purchased a new stake in shares of Uber Technologies during the third quarter worth about $173,776,000. Vanguard Group Inc. grew its position in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Uber Technologies during the third quarter valued at $151,979,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 0.7%

Shares of NYSE UBER opened at $75.98 on Tuesday. The company has a 50 day simple moving average of $74.25 and a 200-day simple moving average of $80.56. The company has a market capitalization of $154.66 billion, a P/E ratio of 18.95, a P/E/G ratio of 5.77 and a beta of 1.16. 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 $68.46 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities research analysts predict that Uber Technologies, Inc. will post 3.28 earnings per share for the current year.

Key Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber added more than 1,500 Ulta Beauty stores to Uber Eats and expanded hotel-booking options through Expedia, underscoring progress in its effort to grow beyond core rides and food delivery. Uber Expands Ulta And Expedia Partnerships As Valuation Debate Persists
• Positive Sentiment: Multiple reports highlighted Uber’s push into autonomous vehicles, including a plan to turn its driver network into a distributed sensor network for AV developers and a larger robotaxi strategy, which could improve long-term margins if successful. Uber Eyes Turning Millions Of Drivers Into Sensor Network For Self-Driving Firms
• Positive Sentiment: News that Uber is rapidly adding new customers suggests continued demand strength, supporting the stock’s recent move higher. What’s Going on With Uber Stock?
• Positive Sentiment: Wall Street commentary turned more favorable, with one headline noting Uber was upgraded, adding to bullish sentiment around the name. Dell downgraded, Uber upgraded: Wall Street’s top analyst calls
• Neutral Sentiment: Several articles discussed Uber’s international exposure and broader gig-economy trends, which may matter for longer-term fundamentals but do not appear to be the immediate catalyst for trading today. International Markets and Uber (UBER): A Deep Dive for Investors
• Neutral Sentiment: Coverage of Uber’s CEO, rider ratings, and gig-economy market research was mostly color commentary and is unlikely to materially affect the stock on its own. Even Uber CEO Dara Khosrowshahi Can’t Crack 4.9 Rider Rating
• Negative Sentiment: Bernie Sanders’ criticism of driverless vehicles and automation could add political and regulatory noise around Uber’s autonomous-vehicle ambitions, though it is not a direct business setback. Bernie Sanders Says Driverless Vehicles… Threaten Millions Of Jobs

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the sale, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average cost 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 approximately $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UBER shares. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, March 17th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday. Wells Fargo & Company increased their target price on Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.11.

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.