iA Global Asset Management Inc. Trims Stake in Uber Technologies, Inc. $UBER

iA Global Asset Management Inc. reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 59.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,352 shares of the ride-sharing company’s stock after selling 190,095 shares during the quarter. iA Global Asset Management Inc.’s holdings in Uber Technologies were worth $9,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Vanguard Group Inc. grew its holdings in Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors raised its stake in shares of Uber Technologies by 2.6% in 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 buying an additional 2,903,021 shares during the period. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after buying an additional 1,602,596 shares during the period. Norges Bank purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp lifted its position in shares of Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after buying an additional 297,132 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a report on Monday. Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating on the stock. Piper Sandler upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $104.54.

Uber Technologies News Summary

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

• Positive Sentiment: Uber-backed Lime completed its U.S. IPO and had a solid Nasdaq debut, suggesting investor appetite for micromobility remains healthy and supporting the value of Uber’s strategic investment in Lime. Uber-backed Lime’s shares rise in Nasdaq debut
• Positive Sentiment: Analysts continue to frame Uber’s core business as strong, with one recent estimate boost for FY2027 earnings pointing to confidence in Uber’s long-term profitability. Uber Technologies stock information
• Neutral Sentiment: Uber is shaking up its AI data-labeling unit by dismissing top leaders, which signals internal restructuring but is not yet clearly material to near-term revenue or earnings. Uber shakes up AI data labeling business, dismissing top leaders
• Negative Sentiment: Waymo ending the Phoenix robotaxi partnership is the main bearish catalyst, because it raises questions about Uber’s autonomous-vehicle strategy and whether future robotaxi growth will be harder to monetize. Uber Ends Waymo Robotaxi Offering In Phoenix
• Negative Sentiment: Several reports say the market is viewing the Waymo split as a setback for Uber’s robotaxi bull case, adding to investor concern that autonomous partners could bypass Uber as they scale. Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case

Uber Technologies Stock Up 0.6%

NYSE UBER opened at $72.60 on Thursday. The stock’s 50 day moving average is $73.18 and its 200 day moving average is $75.73. 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, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The stock has a market cap of $147.78 billion, a PE ratio of 18.10, a P/E/G ratio of 6.13 and a beta of 1.12.

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