William Blair Investment Management LLC Sells 2,590,339 Shares of Uber Technologies, Inc. $UBER

William Blair Investment Management LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 97.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,535 shares of the ride-sharing company’s stock after selling 2,590,339 shares during the period. William Blair Investment Management LLC’s holdings in Uber Technologies were worth $4,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the third quarter valued at approximately $25,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies during the third quarter valued at approximately $32,000. Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Uber Technologies during the third quarter valued at approximately $34,000. 80.24% of the stock is currently owned by institutional investors.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber deepened its partnership with hotel software platform Mews, which will let hotels request, track, and bill Uber rides directly inside the operating system. That could expand Uber’s B2B travel and hospitality revenue stream. Article: Hotel Platform Mews Embeds Uber to Transport Guests and Staff
• Positive Sentiment: Analysts remain constructive on Uber, with DA Davidson reaffirming a Buy rating and a $107 price target, reinforcing the view that the stock has upside from current levels. Article: Uber’s $10 Billion Robotaxi Bet Is Turning Lucid Into A Dilution Machine
• Neutral Sentiment: Uber is reportedly considering raising its offer for Delivery Hero after an initial bid of about €33 per share was rejected. The deal could support long-term scale in delivery, but it also raises questions about capital allocation and how much Uber may need to pay. Article: Uber Weighs Bigger Delivery Hero Bid
• Neutral Sentiment: Uber’s COO said the company has already burned through its 2026 AI budget in four months, and that it is becoming harder to justify the rising AI spend versus customer-facing benefits. That could prompt investor scrutiny of margins and spending discipline. Article: Uber COO Andrew Macdonald says AI spending hard to justify
• Negative Sentiment: Uber is facing reputational risk after reports that customers were charged for Uber One memberships they say they never signed up for, which could lead to complaints, refunds, or regulatory attention. Article: Upset Uber customers charged for monthly memberships they say they never signed up for
• Negative Sentiment: Labor pressure is also building after Uber and Lyft drivers in Massachusetts formed the first officially recognized U.S. ride-share union, a development that could increase worker bargaining power and future operating costs. Article: Uber, Lyft drivers in Massachusetts form first US ride-share union

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UBER shares. DA Davidson reiterated a “buy” rating and set a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a research note on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a research note on Tuesday. Finally, Royal Bank Of Canada began coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.97.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.81% of the company’s stock.

Uber Technologies Trading Down 2.2%

NYSE UBER opened at $70.25 on Wednesday. The company has a fifty day simple moving average of $74.06 and a two-hundred day simple moving average of $78.89. The stock has a market cap of $143.00 billion, a P/E ratio of 17.52, a P/E/G ratio of 6.11 and a beta of 1.16. Uber Technologies, Inc. has a 12-month low of $68.46 and a 12-month high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

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.