Hoey Investments Inc. Sells 10,151 Shares of Uber Technologies, Inc. $UBER

Hoey Investments Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 18.0% in the first quarter, Holdings Channel reports. The firm owned 46,340 shares of the ride-sharing company’s stock after selling 10,151 shares during the period. Uber Technologies accounts for approximately 0.5% of Hoey Investments Inc.’s holdings, making the stock its 18th largest position. Hoey Investments Inc.’s holdings in Uber Technologies were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UBER. Vanguard Group Inc. grew its stake in Uber Technologies by 0.9% in 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 acquiring an additional 1,670,761 shares in the last quarter. Capital Research Global Investors increased its position in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp boosted its holdings in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on UBER. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Friday, June 26th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. Wells Fargo & Company decreased their price objective on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.49.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber is getting a more bullish long-term view from investors who see the company as a beneficiary of the robotaxi rollout, since it can partner with autonomous vehicle makers instead of spending heavily on its own self-driving R&D. Uber: The Robotaxi Revolution Makes Me More Bullish
• Positive Sentiment: Wells Fargo kept an overweight rating on Uber while raising its price target to $100, reinforcing expectations for upside from current levels. Uber price target update
• Neutral Sentiment: Uber was added to several Russell value benchmarks, including the Russell 1000 Value, which could affect index-fund ownership and trading flows, but the move is mainly a classification change rather than a direct business catalyst. Uber Could Be 13% Undervalued On Russell Value Index Reshuffle
• Neutral Sentiment: Uber CEO Dara Khosrowshahi stepped down from Grab’s board, which appears to be more of a governance/board-change story than a direct operating issue for Uber. Uber CEO Dara Khosrowshahi Departs Grab Holdings Board of Directors
• Negative Sentiment: Uber paused most planned Uber Eats expansion in Europe and is shifting focus toward a possible Delivery Hero acquisition, raising questions about execution, capital allocation, and European regulatory risk. Uber Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Recent reports that Uber’s insurance charges varied by ride, even on the same route and driver, may keep attention on pricing consistency and operational transparency. Uber’s Insurance Charges Varied By Ride Despite The Same Route And Driver, Study Finds

Uber Technologies Stock Up 2.3%

Uber Technologies stock opened at $74.09 on Tuesday. The business has a fifty day moving average of $73.05 and a two-hundred day moving average of $75.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market cap of $150.82 billion, a P/E ratio of 18.50, a P/E/G ratio of 6.32 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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. The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

About Uber Technologies

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.