144,418 Shares in Uber Technologies, Inc. $UBER Bought by PGGM Investments

Key Points

• PGGM Investments opened a new position in Uber during the fourth quarter, buying 144,418 shares valued at about $11.8 million.
• Uber remains heavily owned by institutions, with 80.24% of shares held by hedge funds and other institutional investors. Several large firms, including Vanguard and Northern Trust, also increased their stakes recently.
• Uber reported Q1 earnings of $0.72 per share, topping analyst estimates, while revenue rose 14.5% year over year. Analysts remain largely positive, and the stock has a consensus rating of Moderate Buy with an average target price of $104.97.

PGGM Investments purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144,418 shares of the ride-sharing company's stock, valued at approximately $11,800,000.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. raised its position 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 worth $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. Northern Trust Corp raised its position in Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the period. Capital World Investors raised its position in Uber Technologies by 1.1% during the third quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company's stock worth $1,667,121,000 after acquiring an additional 182,976 shares during the period. Legal & General Group Plc raised its position in Uber Technologies by 1.2% during the fourth quarter. Legal & General Group Plc now owns 13,550,299 shares of the ride-sharing company's stock worth $1,107,195,000 after acquiring an additional 163,986 shares during the period. Finally, Boston Partners raised its position in Uber Technologies by 2.9% during the third quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company's stock worth $923,919,000 after acquiring an additional 263,824 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.87 on Tuesday. The firm has a 50-day simple moving average of $74.12 and a 200-day simple moving average of $79.05. The stock has a market capitalization of $146.31 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52 week low of $68.46 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 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 analysts' expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.81% of the stock is owned by company insiders.

Key Uber Technologies News

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

• Positive Sentiment: Uber is reportedly considering a higher bid for Delivery Hero after its initial offer was turned down, raising the chance of a strategic acquisition that could broaden Uber’s delivery business. Uber weighs higher bid for Delivery Hero, FT reports
• Positive Sentiment: Delivery Hero confirmed it received a takeover offer from Uber, and reports say Uber has built a meaningful stake in the company, suggesting serious deal interest rather than a one-off approach. Delivery Hero shares hit 18-month high following Uber bid news
• Neutral Sentiment: Analyst commentary this week remained supportive of Uber, with firms such as Citizens and Truist staying bullish, which helps reinforce a positive longer-term sentiment backdrop for the stock. Citizens and Truist Securities Remain Bullish on UBER
• Neutral Sentiment: Uber also drew attention for its AI and robotaxi strategy, but that news is more about long-term growth than an immediate stock catalyst. Uber Nvidia Robotaxi Push Puts Autonomous Future At Center Of Valuation
• Negative Sentiment: The proposed deal could become more expensive if Uber sweetens its bid, which would increase acquisition risk and potentially weigh on near-term capital allocation. Uber weighs higher bid for Delivery Hero after €11.5bn offer rebuffed

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup restated a "buy" rating on shares of Uber Technologies in a research report on Tuesday, March 17th. Needham & Company LLC restated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, May 7th. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. Raymond James Financial upgraded shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research report on Monday, May 11th. Finally, Wedbush reduced their price objective on shares of Uber Technologies from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.97.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.