Allen Investment Management LLC Reduces Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Allen Investment Management LLC cut its Uber stake by 61% in the fourth quarter, selling more than 1.4 million shares and leaving it with 904,100 shares valued at about $73.9 million.
• There was also insider selling, as SVP Nikki Krishnamurthy sold 30,000 shares at $74.45 each, reducing her holdings by about 6.1%.
• Despite the sales, Uber continues to get mostly favorable Wall Street coverage and posted solid results, including Q1 earnings of $0.72 per share on $13.2 billion in revenue, while analysts maintain a Moderate Buy consensus and a target price around $104.68.

Allen Investment Management LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 904,100 shares of the ride-sharing company's stock after selling 1,412,857 shares during the period. Allen Investment Management LLC's holdings in Uber Technologies were worth $73,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of UBER. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the fourth quarter worth $27,000. Ares Financial Consulting LLC purchased a new position in Uber Technologies during the fourth quarter valued at $28,000. Imprint Wealth LLC bought a new stake in shares of Uber Technologies in the third quarter worth about $32,000. Finally, Blueline Advisors LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $37,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president owned 460,756 shares of the company's stock, valued at $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.81% of the company's stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber announced a new Munich robotaxi program with Autobrains and NVIDIA, a potentially important step toward scaling autonomous ride-hailing in Europe. The project uses NVIDIA DRIVE Hyperion for Level 4-ready autonomy, which investors may view as a meaningful expansion of Uber’s self-driving strategy. Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion
• Positive Sentiment: Uber also increased its ownership in Careem Technologies through a $100 million deal with UAE telecom company e&, strengthening control over a key regional asset and suggesting continued confidence in its Middle East operations. Careem stake sold to Uber for $100m in cash deal
• Positive Sentiment: Coverage highlighting Uber as a favored stock in Jeff Bezos-related portfolios and other bullish stock screens may be adding to investor sentiment, reinforcing the view that large-cap backers still see upside in the company. Uber Technologies (UBER): One of the Elite Jeff Bezos Stocks to Buy
• Neutral Sentiment: Reports that Prosus may increase its stake in Delivery Hero could complicate Uber’s takeover ambitions in that market, but this is more of a strategic overhang than an immediate financial hit. Prosus considering raising Delivery Hero stake in bid to thwart Uber takeover, FT reports
• Negative Sentiment: A separate valuation-focused article noted Uber’s recent pullback over the past month and quarter, reminding investors that the stock has still been under pressure despite the latest positive news flow. A Look At Uber Technologies (UBER) Valuation After Recent Pullback And Türkiye Expansion Moves

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Thursday, February 5th. Truist Financial increased their price target on Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research report on Tuesday, May 26th. TD Cowen started coverage on shares of Uber Technologies in a research note on Monday, May 11th. They set a "hold" rating for the company. Finally, BTIG Research reissued a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.68.

Uber Technologies Stock Up 5.0%

Shares of NYSE UBER opened at $73.89 on Tuesday. The firm has a market cap of $150.40 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 5.99 and a beta of 1.12. The company's 50-day simple moving average is $73.68 and its 200-day simple moving average is $78.28. 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 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analysts' expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

About Uber Technologies

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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