Ascentis Independent Advisors Grows Stock Position in Uber Technologies, Inc. $UBER

Ascentis Independent Advisors raised its position in Uber Technologies, Inc. (NYSE:UBER) by 141.0% in the 1st quarter, Holdings Channel reports. The fund owned 30,918 shares of the ride-sharing company’s stock after purchasing an additional 18,090 shares during the period. Ascentis Independent Advisors’ holdings in Uber Technologies were worth $2,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Stelac Advisory Services LLC boosted its stake in shares of Uber Technologies by 10.4% in the third quarter. Stelac Advisory Services LLC now owns 1,238 shares of the ride-sharing company’s stock valued at $121,000 after purchasing an additional 117 shares during the period. Cadence Bank boosted its position in Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock valued at $722,000 after buying an additional 122 shares during the last quarter. Salvus Wealth Management LLC increased its position in shares of Uber Technologies by 4.9% during the fourth quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company’s stock worth $216,000 after acquiring an additional 123 shares during the last quarter. Avion Wealth lifted its stake in shares of Uber Technologies by 17.5% in the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock worth $68,000 after acquiring an additional 125 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of Uber Technologies by 6.6% in the fourth quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company’s stock worth $170,000 after acquiring an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UBER shares. US Capital Advisors set a $95.00 price objective on Uber Technologies in a research note on Monday, May 11th. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Thursday, May 7th. Truist Financial increased their target price on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.49.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber was added to several Russell value benchmarks, including the Russell 1000 Value and Russell Top 200 Value, which could support demand from value-oriented index funds and ETFs and may help stabilize the shares. Uber Technologies (UBER) Could Be 13% Undervalued On Russell Value Index Reshuffle
• Neutral Sentiment: Uber’s CEO Dara Khosrowshahi stepped down from Grab’s board; while not directly affecting Uber’s operations, the move drew attention to Uber’s broader strategic ties in delivery and ride-hailing markets. Uber CEO Dara Khosrowshahi Departs Grab Holdings Board of Directors
• Neutral Sentiment: Uber and partners Stellantis and Wayve announced a plan to explore Level 4 autonomous robotaxi deployment, reinforcing long-term self-driving ambitions but offering limited near-term financial impact. Stellantis (STLA) Makes a Bold Autonomous Driving Move With Uber and Wayve
• Negative Sentiment: Uber paused most planned Uber Eats expansion in Europe to focus on a possible Delivery Hero acquisition, raising questions about capital allocation, execution risk, and potential regulatory hurdles in Europe. How Investors Are Reacting To Uber Technologies (UBER) Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Coverage noted that Uber’s stock slipped while the broader market was higher, and a recent study questioned variability in Uber’s insurance charges on similar rides, adding to investor unease around costs and pricing transparency. Uber’s Insurance Charges Varied by Ride Despite the Same Route and Driver, Study Finds

Uber Technologies Price Performance

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

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The firm’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. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.95 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.