Uber Technologies, Inc. $UBER Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 171,158 shares of the ride-sharing company’s stock after selling 9,643 shares during the quarter. HB Wealth Management LLC’s holdings in Uber Technologies were worth $12,311,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UBER. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC lifted its position in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares during the period. Caxton Associates LLP purchased a new position in Uber Technologies during the first quarter worth about $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Uber Technologies in the 2nd quarter worth about $842,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $74.39 on Friday. The stock has a 50-day moving average price of $73.09 and a two-hundred day moving average price of $75.64. Uber Technologies, Inc. has a 12-month low of $67.19 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. The company has a market cap of $151.42 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12.

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. The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective 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. Truist Financial raised their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.54.

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.