Baxter Bros Inc. Acquires 26,370 Shares of Uber Technologies, Inc. $UBER

Baxter Bros Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 67.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,734 shares of the ride-sharing company’s stock after purchasing an additional 26,370 shares during the period. Baxter Bros Inc.’s holdings in Uber Technologies were worth $4,728,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Kiley Juergens Wealth Management LLC increased its stake in Uber Technologies by 1.4% in the 1st quarter. Kiley Juergens Wealth Management LLC now owns 37,549 shares of the ride-sharing company’s stock worth $2,701,000 after purchasing an additional 530 shares during the period. Canvas Wealth Advisors LLC boosted its position in Uber Technologies by 5.4% during the 1st quarter. Canvas Wealth Advisors LLC now owns 200,091 shares of the ride-sharing company’s stock valued at $14,393,000 after buying an additional 10,243 shares during the period. Busey Bank grew its holdings in Uber Technologies by 3.6% in the 1st quarter. Busey Bank now owns 84,739 shares of the ride-sharing company’s stock worth $6,095,000 after acquiring an additional 2,927 shares during the last quarter. PUREfi Wealth LLC increased its holdings in Uber Technologies by 102.4% during the 1st quarter. PUREfi Wealth LLC now owns 5,166 shares of the ride-sharing company’s stock valued at $372,000 after purchasing an additional 2,614 shares during the period. Finally, Meridian Investment Counsel Inc. raised its position in Uber Technologies by 1.0% during the 1st quarter. Meridian Investment Counsel Inc. now owns 33,999 shares of the ride-sharing company’s stock valued at $2,446,000 after purchasing an additional 346 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies News Summary

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. DA Davidson reiterated a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research report on Tuesday, May 26th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. 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. Wells Fargo & Company cut their target price on shares of Uber Technologies from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Truist Financial increased their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.49.

Uber Technologies Price Performance

UBER stock opened at $72.38 on Tuesday. The firm 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 52-week low of $67.19 and a 52-week high of $101.99. The firm 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. 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 (NYSE:UBER) last posted its quarterly earnings results 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. 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 the consensus estimate of $13.28 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. 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 EPS 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.