Employees Provident Fund Board Buys Shares of 3,245,686 Uber Technologies, Inc. $UBER

Employees Provident Fund Board purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,245,686 shares of the ride-sharing company’s stock, valued at approximately $265,205,000. Uber Technologies accounts for about 1.9% of Employees Provident Fund Board’s holdings, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Uber Technologies during the fourth quarter worth $2,515,094,000. Marshall Wace LLP boosted its stake in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after acquiring an additional 5,293,822 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Uber Technologies by 2.6% in the 4th 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 acquiring an additional 2,903,021 shares in the last quarter. Finally, Egerton Capital UK LLP acquired a new stake in Uber Technologies in the 4th quarter worth approximately $219,079,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UBER. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada initiated coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. UBS Group lowered Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company raised their target price on Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.97.

Uber Technologies News Summary

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

• Positive Sentiment: Uber launched a new Life360 integration that lets parents request teen rides, track trips in real time, and manage family transportation in one app, which could help deepen user engagement and attract more family-oriented rides. Life360 and Uber Partner to Help Parents Coordinate Rides From Anywhere
• Positive Sentiment: Turkey’s competition board approved Uber’s acquisition of Getir’s delivery business, removing a regulatory hurdle and supporting Uber’s expansion in a new market alongside a planned $500 million investment in Turkey. Turkish competition board approves Uber acquisition of Getir delivery business
• Positive Sentiment: Uber continues to build out its autonomous vehicle strategy, with new robotaxi partnerships in Houston and Zurich and a broader Stellantis-Wayve-Uber collaboration, reinforcing the company’s long-term growth story and helping support bullish analyst sentiment. Stellantis, Wayve and Uber team up to develop global robotaxi services
• Positive Sentiment: Bank of America said Uber’s robotaxi expansion could improve investor sentiment, while Tigress Financial raised its price target, signaling confidence in Uber’s earnings growth and autonomous-driving roadmap. Uber Robotaxi expansion could shift autonomous vehicle narrative, says BofA
• Neutral Sentiment: Some articles focused on Uber as a strong long-term stock idea versus peers and on its expanding advertising business, but these were more reinforcing than immediately market-moving.
• Negative Sentiment: Uber also drew criticism after Consumer Reports said riders sometimes saw widely different prices for the same trip, which could add scrutiny around pricing practices if the issue gains traction. Uber and Lyft may charge you $40 more for the exact same ride as someone else — but both deny surveillance pricing

Uber Technologies Stock Up 0.4%

NYSE UBER opened at $71.91 on Friday. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The stock has a market cap of $146.38 billion, a PE ratio of 17.93, a PEG ratio of 6.09 and a beta of 1.12. The firm has a 50-day simple moving average of $73.44 and a 200 day simple moving average of $76.70. 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 (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (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 return on equity of 41.40% and a net margin of 15.91%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current year.

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.