BI Asset Management Fondsmaeglerselskab A S Sells 304,277 Shares of Uber Technologies, Inc. $UBER

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 77.8% during the first quarter, Holdings Channel reports. The institutional investor owned 86,698 shares of the ride-sharing company’s stock after selling 304,277 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Uber Technologies were worth $6,236,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Finally, Ares Financial Consulting LLC bought a new position in Uber Technologies during the 4th quarter worth $28,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 0.2%

Shares of NYSE UBER opened at $71.51 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The stock has a market capitalization of $145.56 billion, a P/E ratio of 17.83, a PEG ratio of 6.09 and a beta of 1.12. The stock’s fifty day moving average is $73.43 and its 200 day moving average is $76.52.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBER. TD Cowen started coverage on Uber Technologies in a report on Monday, May 11th. They set a “hold” rating for the company. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating on the stock. Guggenheim reiterated a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.97.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber-backed Lime’s IPO could benefit Uber by boosting the value of its investment stake and reinforcing the company’s position in micromobility. Uber-backed electric bike firm Lime seeks $180.9 million in IPO
• Positive Sentiment: Uber is being highlighted by analysts as a long-term stock with substantial upside potential, which may support investor confidence. 5 Most Promising Long-Term Stocks to Buy According to Analysts
• Neutral Sentiment: Uber was cited among companies calling for faster electrification policies, a potentially supportive but indirect theme for its long-term mobility strategy. Uber, Autodesk, Coca-Cola, Levi Strauss and Others Call for Governments to Accelerate Electrification
• Negative Sentiment: Shareholders sued Uber’s board over alleged compliance and safety failures, adding legal overhang and renewed scrutiny of the company’s governance and risk controls. Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures

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.