30,780,742 Shares in Uber Technologies, Inc. $UBER Acquired by Norges Bank

Key Points

• Norges Bank disclosed a new fourth-quarter position in Uber, buying 30.78 million shares worth about $2.52 billion and ending with roughly 1.48% ownership of the company.
• Uber reported better-than-expected quarterly earnings, posting $0.72 EPS versus the $0.69 estimate, while revenue rose 14.5% year over year to $13.2 billion. The company also issued Q2 2026 EPS guidance of $0.78 to $0.82.
• Analysts remain broadly positive on the stock, with a consensus rating of Moderate Buy and an average price target of $104.68. Several firms recently raised targets or upgraded ratings, including DA Davidson, Fox Advisors, Raymond James, and Piper Sandler.

Norges Bank bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,780,742 shares of the ride-sharing company's stock, valued at approximately $2,515,094,000. Norges Bank owned approximately 1.48% of Uber Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies during the third quarter valued at approximately $32,000. Finally, Blueline Advisors LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $37,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the company's stock in a transaction on 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 transaction, the senior vice president directly owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.81% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $70.30 on Friday. The company's 50 day moving average price is $73.71 and its 200 day moving average price is $78.53. Uber Technologies, Inc. has a 52 week low of $68.46 and a 52 week high of $101.99. The company has a market capitalization of $143.10 billion, a PE ratio of 17.53, a PEG ratio of 6.03 and a beta of 1.16. 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. 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 in the previous year, the firm posted $0.83 earnings per share. The firm's 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. Research analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson restated a "buy" rating and set a $107.00 price target on shares of Uber Technologies in a report on Tuesday. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a report on Monday, May 11th. Raymond James Financial upgraded shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. TD Cowen assumed coverage on shares of Uber Technologies in a report on Monday, May 11th. They set a "hold" rating on the stock. Finally, Piper Sandler boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.68.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber unveiled a $49 shuttle service for FIFA World Cup matches across major U.S. venues, a move that could boost rides demand and strengthen Uber’s event-driven transportation business. Uber Plans $49 Shuttle for New York-New Jersey World Cup Matches
• Positive Sentiment: Uber is partnering with hotel platform Mews to integrate into 15,000 hotels worldwide, expanding its reach with travelers and potentially creating more booking-driven ride volume. Uber wants to answer the hotel industry’s most asked question. Now it’s integrating into 15,000 hotels globally
• Neutral Sentiment: SRx Health Solutions disclosed a new investment in Uber as part of its portfolio update, which adds another data point of outside investor interest but is not a direct operating catalyst. SRx Health Solutions Invests in Uber Technologies, Inc. and Provides Shareholders with Portfolio Update
• Negative Sentiment: Uber reportedly raised its stake in Delivery Hero to about 36.83% and is said to be exploring a takeover, which may increase strategic optionality but also raises concerns about cash use, integration risk, and capital allocation. Uber raises Delivery Hero stake, increasing takeover odds
• Negative Sentiment: Reports that Uber exhausted its full-year 2026 AI budget early underscore rising cost pressure in technology spending, which could weigh on margins if AI investment continues to escalate. Token Shock Hits Silicon Valley’s Biggest Spenders

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.

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