Alberta Investment Management Corp Acquires 6,900 Shares of Uber Technologies, Inc. $UBER

Alberta Investment Management Corp lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 79,400 shares of the ride-sharing company’s stock after buying an additional 6,900 shares during the period. Alberta Investment Management Corp’s holdings in Uber Technologies were worth $6,488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 0.9% during the fourth 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 during the period. Mach 1 Financial Group LLC bought a new stake in Uber Technologies in the 4th quarter valued at $1,220,000. Teacher Retirement System of Texas grew its holdings in Uber Technologies by 17.6% in the 4th quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after buying an additional 82,851 shares in the last quarter. Robinhood Asset Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in Uber Technologies during the 4th quarter worth $17,336,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBER shares. Wells Fargo & Company lifted their target price on Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings lowered Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Truist Financial lifted their price objective on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, TD Cowen started coverage on shares of Uber Technologies in a report on Monday, May 11th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.97.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber unveiled three new advertising products that use ride, delivery, and shopping data to help brands reach consumers, giving investors a new potential revenue stream and sparking bullish commentary that the stock could be undervalued. Uber (UBER) Stock Could Be 12.4% Undervalued After Its New Advertising Push
• Positive Sentiment: Multiple articles highlighted Uber’s scale, including strong Uber One membership growth, high trip volume, and its robotaxi ambitions, reinforcing the view that the company has several long-term growth levers. UBER vs. GRAB: Which Ride-Hailing Stock Has an Edge at Present?
• Neutral Sentiment: Uber is drawing heavy attention from traders and research platforms, which can increase volatility, but the “trending stock” coverage itself does not add new fundamental information. Here is What to Know Beyond Why Uber Technologies, Inc. (UBER) is a Trending Stock
• Neutral Sentiment: Industry chatter around ride-hailing pricing, including reports that Uber and Lyft can charge widely different fares for similar rides, keeps the company in the spotlight but does not clearly change the near-term earnings outlook. The same ride on Uber and Lyft, 29 different prices: What researchers found when they tested the apps
• Negative Sentiment: Competition in grocery delivery is heating up, with Instacart reporting lower basket costs, which could raise questions about pricing pressure across Uber’s delivery ecosystem. Instacart Leads on Price Cuts as Grocery Delivery Competition Heats Up

Uber Technologies Stock Up 0.6%

Shares of UBER opened at $73.27 on Wednesday. The stock has a fifty day moving average of $73.47 and a 200-day moving average of $76.95. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The stock has a market capitalization of $149.15 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 6.19 and a beta of 1.12. 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 released its quarterly earnings data 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 company had revenue of $13.20 billion during 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 firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal 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.