California Public Employees Retirement System Boosts Stock Position in Uber Technologies, Inc. $UBER

Key Points

• California Public Employees Retirement System increased its Uber stake by 38.7% in Q1, buying 1.57 million more shares and bringing its position to 5.62 million shares worth about $404.3 million.
• Uber’s biggest recent catalyst is its planned acquisition of Delivery Hero, a $14.8 billion deal that could nearly double its global food-delivery reach and expand Uber Eats into about 99 markets.
• Despite mixed analyst ratings, Uber posted better-than-expected Q1 earnings with EPS of $0.72 versus estimates of $0.69, and the company guided Q2 EPS to $0.78-$0.82.

California Public Employees Retirement System lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 38.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,620,059 shares of the ride-sharing company's stock after buying an additional 1,568,224 shares during the quarter. California Public Employees Retirement System owned approximately 0.28% of Uber Technologies worth $404,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cadence Bank lifted its holdings in Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock valued at $722,000 after purchasing an additional 122 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of Uber Technologies by 4.9% during the fourth quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company's stock worth $216,000 after purchasing an additional 123 shares in the last quarter. Avion Wealth increased its stake in shares of Uber Technologies by 17.5% during the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company's stock worth $68,000 after purchasing an additional 125 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Uber Technologies by 6.6% in the fourth quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company's stock valued at $170,000 after acquiring an additional 129 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in shares of Uber Technologies by 1.7% in the fourth quarter. Archford Capital Strategies LLC now owns 7,986 shares of the ride-sharing company's stock worth $653,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

More Uber Technologies News

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UBER shares. UBS Group lowered shares of Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Fox Advisors upgraded Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. Macquarie Infrastructure raised Uber Technologies to an "outperform" rating in a research note on Monday, May 11th. Needham & Company LLC restated a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Thursday, May 7th. Finally, Guggenheim restated a "buy" rating on shares of Uber Technologies in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.65.

Uber Technologies Price Performance

Uber Technologies stock opened at $72.55 on Friday. The company's 50 day simple moving average is $72.72 and its 200-day simple moving average is $75.14. The company has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 6.26 and a beta of 1.12. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. 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 issued its quarterly earnings data 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 analyst estimates of $13.28 billion. During the same period in the prior year, the business posted $0.83 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. 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 2.97 earnings per share for the current 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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