NewEdge Wealth LLC Has $19.39 Million Stock Holdings in Uber Technologies, Inc. $UBER

NewEdge Wealth LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 269,613 shares of the ride-sharing company’s stock after buying an additional 11,439 shares during the quarter. NewEdge Wealth LLC’s holdings in Uber Technologies were worth $19,393,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Arvest Bank Trust Division bought a new stake in Uber Technologies in the 1st quarter valued at about $4,527,000. Acumen Wealth Advisors LLC lifted its position in shares of Uber Technologies by 21.6% during the 1st quarter. Acumen Wealth Advisors LLC now owns 40,003 shares of the ride-sharing company’s stock valued at $2,877,000 after acquiring an additional 7,113 shares during the period. Millennium Capital Advisors LLC grew its holdings in shares of Uber Technologies by 5.2% during the 1st quarter. Millennium Capital Advisors LLC now owns 6,125 shares of the ride-sharing company’s stock worth $441,000 after purchasing an additional 305 shares in the last quarter. Fortis Capital Management LLC grew its holdings in shares of Uber Technologies by 4.2% during the 1st quarter. Fortis Capital Management LLC now owns 95,764 shares of the ride-sharing company’s stock worth $6,888,000 after purchasing an additional 3,818 shares in the last quarter. Finally, ABN Amro Investment Solutions increased its position in shares of Uber Technologies by 184.8% in the first quarter. ABN Amro Investment Solutions now owns 551,739 shares of the ride-sharing company’s stock worth $39,687,000 after purchasing an additional 358,031 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Wedbush started coverage on shares of Uber Technologies in a research report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. Finally, Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.65.

Uber Technologies Price Performance

Uber Technologies stock opened at $70.39 on Thursday. 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, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The stock has a market capitalization of $143.29 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 6.01 and a beta of 1.12. The stock has a fifty day moving average of $72.46 and a 200-day moving average of $74.88.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating 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 business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the firm posted $0.83 earnings per share. Uber Technologies’s 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. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

More Uber Technologies News

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

• Positive Sentiment: Uber and Lyft won a court ruling blocking New York City from forcing advance notice before deactivating drivers, removing a potential operational burden and limiting new regulatory constraints on gig-platform flexibility. Uber, Lyft win court block on NYC law requiring notice before firing drivers
• Positive Sentiment: Recent commentary says Uber still has new growth catalysts beyond 2026, which may be helping support the long-term bull case despite near-term volatility. Uber: New Catalysts To Drive Growth Beyond 2026
• Neutral Sentiment: Uber is drawing renewed investor attention from traders and analysts, but these mentions do not appear to include a major new business update. Uber Technologies, Inc. (UBER) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Uber is also being discussed in connection with Travis Kalanick’s robotics investment, but the news is more about venture activity than Uber’s core earnings outlook. Travis Kalanick’s robotics company raises $1.7B, led by a16z
• Negative Sentiment: Uber’s stock fell more than the broader market in the latest session, reflecting ongoing investor concern about valuation and the possibility that driverless technology could pressure its long-term ride-hailing economics. Why Uber Technologies (UBER) Dipped More Than Broader Market Today
• Negative Sentiment: Investors are also worried that autonomous driving could weaken Uber’s competitive advantage, which remains a key overhang on the stock. Should You Buy Uber Stock Before the Huge Investor Update?

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.