Uber Technologies, Inc. $UBER Shares Bought by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 200,091 shares of the ride-sharing company’s stock after acquiring an additional 10,243 shares during the period. Uber Technologies comprises about 2.4% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Canvas Wealth Advisors LLC’s holdings in Uber Technologies were worth $14,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $1,220,000. Teacher Retirement System of Texas raised 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 worth $45,280,000 after purchasing an additional 82,851 shares during the period. Robinhood Asset Management LLC acquired a new position in Uber Technologies in the 4th quarter worth about $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Uber Technologies during the fourth quarter worth approximately $17,336,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on UBER shares. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Tigress Financial increased their target price on Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Finally, Truist Financial boosted 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. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.49.

Key Uber Technologies News

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

Uber Technologies Stock Down 2.8%

Shares of UBER opened at $72.38 on Tuesday. The stock has a 50 day moving average price of $73.05 and a 200 day moving average price of $75.54. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $147.33 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 6.32 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced 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. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal 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.