29,436 Shares in Uber Technologies, Inc. $UBER Bought by Delta Global Management LP

Key Points

• Delta Global Management LP disclosed a new position in Uber Technologies, buying 29,436 shares valued at about $2.1 million in the first quarter.
• Uber reported better-than-expected Q1 earnings with EPS of $0.72 versus $0.69 estimated, while revenue grew 14.5% year over year to $13.2 billion.
• Recent headlines have been mixed: Waymo may be reconsidering its partnership with Uber on robotaxis, while Uber is also cutting 10% of customer service jobs as it expands AI use.

Delta Global Management LP acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,436 shares of the ride-sharing company's stock, valued at approximately $2,117,000.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER opened at $66.00 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day simple moving average of $72.16 and a 200 day simple moving average of $74.72. Uber Technologies, Inc. has a 52-week low of $65.56 and a 52-week high of $101.99. The firm has a market capitalization of $134.36 billion, a PE ratio of 16.46, a P/E/G ratio of 5.54 and a beta of 1.12.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same period last year, the company posted $0.83 EPS. The business's quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.98 EPS for the current fiscal year.

Trending Headlines about Uber Technologies

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

• Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
• Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
• Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
• Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
• Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski... lands a role in Travis Kalanick's $1.7B robotics venture

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UBER. TD Cowen restated a "buy" rating and set a $118.00 price objective on shares of Uber Technologies in a report on Thursday, July 16th. UBS Group lowered shares of Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Citizens Jmp reissued a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, April 28th. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a report on Monday, May 11th. Finally, Macquarie Infrastructure upgraded shares of Uber Technologies to an "outperform" rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.65.

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.

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.