Adams Diversified Equity Fund Inc. Has $22.61 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Adams Diversified Equity Fund trimmed its Uber stake by 8.3% in the first quarter, selling 28,300 shares and leaving it with 314,300 shares worth about $22.6 million.
• Uber continues to attract strong institutional backing overall, with major holders like Vanguard and Capital Research adding shares and institutions owning 80.24% of the stock.
• Sentiment around Uber remains broadly positive: BTIG reaffirmed a buy rating and lifted its price target to $100, while recent news highlighted a legal win in California and growth in food delivery and retail expansion.

Adams Diversified Equity Fund Inc. lowered its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,300 shares of the ride-sharing company's stock after selling 28,300 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in Uber Technologies were worth $22,608,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after buying an additional 1,670,761 shares during the period. Capital Research Global Investors increased its stake in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Geode Capital Management LLC raised its holdings in Uber Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock valued at $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies in the 4th quarter valued at $2,515,094,000. Finally, Northern Trust Corp lifted its position in shares of Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock valued at $1,911,301,000 after acquiring an additional 297,132 shares during the period. Institutional investors own 80.24% of the company's stock.

Key Uber Technologies News

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
• Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
• Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
• Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber's Robotaxi Vision Could Take Years To Play Out: Analyst
• Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
• Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
• Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber's robotaxi vision could take years to play out: Analyst

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Macquarie Infrastructure raised Uber Technologies to an "outperform" rating in a report on Monday, May 11th. BTIG Research reaffirmed a "buy" rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Friday. Raymond James Financial upgraded shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research note on Monday, May 11th. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. Finally, Tigress Financial boosted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.97.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.09 on Friday. The firm has a market cap of $154.90 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.48 and a beta of 1.12. The firm's fifty day moving average is $73.40 and its 200-day moving average is $76.11. 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.

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

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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