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

Hoey Investments Inc. reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 18.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,340 shares of the ride-sharing company’s stock after selling 10,151 shares during the period. Uber Technologies accounts for about 0.5% of Hoey Investments Inc.’s investment portfolio, making the stock its 18th biggest position. Hoey Investments Inc.’s holdings in Uber Technologies were worth $3,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. boosted its position in shares of Uber Technologies by 33.1% during the 1st quarter. Meitav Investment House Ltd. now owns 973,832 shares of the ride-sharing company’s stock valued at $70,041,000 after acquiring an additional 242,386 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Uber Technologies by 23.3% in the first quarter. Resonant Capital Advisors LLC now owns 7,305 shares of the ride-sharing company’s stock valued at $525,000 after purchasing an additional 1,381 shares in the last quarter. Clare Market Investments LLC bought a new stake in Uber Technologies in the first quarter worth $5,782,000. Unified Investment Management increased its position in Uber Technologies by 26.0% in the first quarter. Unified Investment Management now owns 8,579 shares of the ride-sharing company’s stock worth $617,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Shelton Wealth Management LLC raised its stake in Uber Technologies by 69.3% during the first quarter. Shelton Wealth Management LLC now owns 21,491 shares of the ride-sharing company’s stock valued at $1,546,000 after purchasing an additional 8,795 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 2.3%

UBER stock opened at $74.09 on Tuesday. 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, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The stock has a market capitalization of $150.82 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The firm’s fifty day simple moving average is $73.05 and its two-hundred day simple moving average is $75.54.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion during 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 business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Key Headlines Impacting 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

Analyst Ratings Changes

Several research firms have commented on UBER. Raymond James Financial upgraded shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a report on Friday, May 29th. Royal Bank Of Canada assumed coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Finally, Truist Financial lifted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.49.

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.