Allspring Global Investments Holdings LLC Sells 264,999 Shares of Uber Technologies, Inc. $UBER

Allspring Global Investments Holdings LLC lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 30.0% in the first quarter, HoldingsChannel.com reports. The fund owned 619,286 shares of the ride-sharing company’s stock after selling 264,999 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Uber Technologies were worth $44,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Financial Group LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $3,947,000. Frazier Financial Advisors LLC raised its holdings in shares of Uber Technologies by 8.5% in the 1st quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company’s stock valued at $140,000 after purchasing an additional 152 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Uber Technologies in the 1st quarter valued at about $20,592,000. MASTERINVEST Kapitalanlage GmbH lifted its stake in Uber Technologies by 18.7% in the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 87,917 shares of the ride-sharing company’s stock valued at $6,324,000 after purchasing an additional 13,849 shares during the last quarter. Finally, Hudson Canyon Capital Management grew its holdings in Uber Technologies by 1.4% during the first quarter. Hudson Canyon Capital Management now owns 24,321 shares of the ride-sharing company’s stock worth $1,749,000 after purchasing an additional 327 shares during the period. Institutional investors own 80.24% of the company’s stock.

More Uber Technologies News

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBER. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. HSBC lowered Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Finally, UBS Group cut Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.65.

Uber Technologies Trading Down 2.0%

Shares of NYSE:UBER opened at $72.55 on Friday. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The stock has a market cap of $147.69 billion, a PE ratio of 18.09, a P/E/G ratio of 6.12 and a beta of 1.12. The business has a 50 day moving average of $72.72 and a 200-day moving average of $75.14. 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 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 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 for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 3 earnings per share for the current 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.