Uber Technologies, Inc. $UBER Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 63.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,152 shares of the ride-sharing company’s stock after purchasing an additional 28,092 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Uber Technologies were worth $5,190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Osbon Capital Management LLC purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in Uber Technologies during the first quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on UBER. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Citizens Jmp reaffirmed a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, April 28th. Finally, Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.54.

Uber Technologies Price Performance

NYSE UBER opened at $74.39 on Friday. The company has a market cap 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. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The company has a fifty day simple moving average of $73.09 and a 200 day simple moving average of $75.64. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The company 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 company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Uber Technologies 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.