392,856 Shares in Uber Technologies, Inc. $UBER Purchased by SEB Asset Management AB

Key Points

• SEB Asset Management AB bought a new stake in Uber Technologies in Q1, purchasing 392,856 shares worth about $28.3 million.
• Uber is drawing strong institutional interest overall, with hedge funds and asset managers holding 80.24% of the company’s shares and several large investors recently increasing positions.
• Recent news has been broadly positive for Uber, led by its planned Delivery Hero acquisition, which could expand Uber’s food-delivery reach to about 99 markets and support future growth and profitability.

SEB Asset Management AB purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 392,856 shares of the ride-sharing company's stock, valued at approximately $28,258,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Marshall Wace LLP raised its stake in Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after purchasing an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Uber Technologies by 129.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock worth $776,883,000 after purchasing an additional 5,293,822 shares during the period. Employees Provident Fund Board acquired a new position in shares of Uber Technologies in the 4th quarter valued at $265,205,000. Finally, Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies News Summary

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber's Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies' Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Uber Technologies Stock Performance

NYSE:UBER opened at $72.55 on Monday. The firm's fifty day simple moving average is $72.72 and its 200 day simple moving average is $75.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The firm has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09 and a beta of 1.12.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion during 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 firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. Raymond James Financial upgraded Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Piper Sandler lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Tigress Financial boosted their price target on Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, June 12th. Needham & Company LLC restated a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, 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.

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