Montrusco Bolton Investments Inc. Raises Stake in Uber Technologies, Inc. $UBER

Montrusco Bolton Investments Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,242,389 shares of the ride-sharing company’s stock after purchasing an additional 155,770 shares during the quarter. Uber Technologies accounts for about 2.4% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 18th largest holding. Montrusco Bolton Investments Inc. owned approximately 0.11% of Uber Technologies worth $156,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UBER. Private Wealth Partners LLC increased its position in shares of Uber Technologies by 17.7% in the first quarter. Private Wealth Partners LLC now owns 3,050 shares of the ride-sharing company’s stock worth $219,000 after acquiring an additional 458 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.5% during the 1st quarter. Revisor Wealth Management LLC now owns 4,587 shares of the ride-sharing company’s stock valued at $330,000 after acquiring an additional 153 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Uber Technologies by 10.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 9,041 shares of the ride-sharing company’s stock worth $650,000 after purchasing an additional 827 shares during the period. QRG Capital Management Inc. boosted its position in Uber Technologies by 9.8% during the 1st quarter. QRG Capital Management Inc. now owns 333,180 shares of the ride-sharing company’s stock worth $23,966,000 after purchasing an additional 29,758 shares during the period. Finally, Lafayette Investments Inc. increased its holdings in Uber Technologies by 16.7% in the 1st quarter. Lafayette Investments Inc. now owns 12,066 shares of the ride-sharing company’s stock valued at $868,000 after purchasing an additional 1,731 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.39 on Friday. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $151.42 billion, a P/E ratio of 18.55, a P/E/G ratio of 6.32 and a beta of 1.12. The company’s fifty day moving average price is $73.09 and its two-hundred day moving average price is $75.64.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’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, research analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research report on Tuesday, May 26th. BNP Paribas Exane lowered Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. 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. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. Finally, Truist Financial boosted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.54.

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.