Uber Technologies (NYSE:UBER) Shares Up 1.8% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER) shares were up 1.8% on Thursday . The company traded as high as $75.40 and last traded at $73.9590. Approximately 17,790,987 shares changed hands during trading, a decline of 8% from the average session volume of 19,441,508 shares. The stock had previously closed at $72.67.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero could significantly expand Uber Eats internationally and strengthen its position in global food delivery. Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
• Positive Sentiment: Delivery Hero said it supports Uber’s takeover offer, which may lower execution risk and improve the chances of the deal closing. Germany’s Delivery Hero backs €13 billion takeover by Uber
• Positive Sentiment: Uber also announced new Uber Eats retail partnerships with GameStop and Foot Locker, broadening its delivery business beyond meals. Uber Eats Expands Retail Delivery Push With GameStop and Foot Locker Partnerships
• Neutral Sentiment: Wedbush initiated coverage with an Outperform rating and a $91 price target, reinforcing a bullish analyst outlook on the shares. Read More
• Negative Sentiment: The deal is very large, so investors may be watching closely for integration risk, regulatory scrutiny, and capital allocation concerns if the acquisition becomes difficult to execute. Uber (UBER) Eyes Delivery Hero Deal To Expand Its European Delivery Business

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $107.00 target price on shares of Uber Technologies in a research note on Tuesday, May 26th. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday, June 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Finally, BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $104.65.

Uber Technologies Stock Up 1.8%

The company has a market capitalization of $150.55 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 6.13 and a beta of 1.12. The business’s 50-day moving average is $72.84 and its 200-day moving average is $75.21. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted 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 company 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 firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Osbon Capital Management LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.