Parallel Advisors LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,921 shares of the ride-sharing company’s stock after selling 6,917 shares during the period. Parallel Advisors LLC’s holdings in Uber Technologies were worth $18,336,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Uber Technologies in the first quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Uber Technologies in the second quarter valued at about $842,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Up 0.1%
Shares of NYSE:UBER opened at $72.55 on Monday. 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, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. The business’s 50 day simple moving average is $72.72 and its two-hundred day simple moving average is $75.10. The firm has a market cap of $147.69 billion, a P/E ratio of 18.09 and a beta of 1.12.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
- Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
- Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
- Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide
Analyst Upgrades and Downgrades
UBER has been the topic of a number of recent analyst reports. Tigress Financial lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a report on Friday, May 29th. Truist Financial raised their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Uber Technologies in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.65.
Get Our Latest Report on Uber Technologies
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.
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