Uber Technologies, Inc. $UBER Shares Purchased by Acumen Wealth Advisors LLC

Acumen Wealth Advisors LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 40,003 shares of the ride-sharing company’s stock after purchasing an additional 7,113 shares during the period. Acumen Wealth Advisors LLC’s holdings in Uber Technologies were worth $2,877,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Uber Technologies during the 4th quarter valued at $2,515,094,000. Marshall Wace LLP increased its holdings in Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after purchasing an additional 5,293,822 shares during the period. Employees Provident Fund Board purchased a new position in Uber Technologies in the fourth quarter valued at about $265,205,000. Finally, Capital Research Global Investors lifted its stake in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. HSBC downgraded Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research report on Friday, May 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.65.

Uber Technologies Price Performance

UBER stock opened at $71.66 on Wednesday. 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 52-week low of $67.19 and a 52-week high of $101.99. The stock’s 50 day moving average is $72.55 and its two-hundred day moving average is $74.95. The company has a market capitalization of $145.86 billion, a PE ratio of 17.87, a P/E/G ratio of 6.06 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last released 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. 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 during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts predict that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

Key Uber Technologies News

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

• Positive Sentiment: Investor attention around Uber has increased, which can help keep the stock active and support sentiment if the market is positioning ahead of a catalyst. Article Title
• Positive Sentiment: Domino’s said third-party delivery partnerships, including Uber Eats, are driving more order growth and bringing in new customers, reinforcing the value of Uber’s delivery platform. Article Title
• Positive Sentiment: Another Domino’s update emphasized strong order growth, digital reach and global expansion, which suggests continuing demand through delivery channels that can benefit Uber Eats volume. Article Title
• Positive Sentiment: A new Uber Eats-related deal involving GameStop suggests Uber’s delivery marketplace is still expanding into additional merchant categories, which could support future revenue growth. Article Title
• Neutral Sentiment: Some articles were mostly commentary or market chatter, including “Should You Buy Uber Stock Before the Huge Investor Update?” and a Zacks screening piece, with no clearly new fundamental development. Article Title Article Title
• Negative Sentiment: Investor concern remains that driverless technology could erode Uber’s competitive advantage over time, which is a key headwind for the stock. Article Title

About Uber Technologies

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.