Castleark Management LLC Has $12.22 Million Stake in Uber Technologies, Inc. $UBER

Castleark Management LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 45.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,876 shares of the ride-sharing company's stock after selling 139,260 shares during the period. Castleark Management LLC's holdings in Uber Technologies were worth $12,219,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the 4th quarter valued at about $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies News Roundup

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

• Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
• Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
• Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
• Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
• Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski... lands a role in Travis Kalanick's $1.7B robotics venture

Uber Technologies Trading Up 0.1%

UBER opened at $66.00 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $134.36 billion, a PE ratio of 16.46, a PEG ratio of 5.54 and a beta of 1.12. Uber Technologies, Inc. has a 1-year low of $65.56 and a 1-year high of $101.99. The firm has a 50-day moving average price of $72.16 and a two-hundred day moving average price of $74.67.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping 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 company had revenue of $13.20 billion during 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 company'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. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. UBS Group cut shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday, April 28th. Sanford C. Bernstein restated an "outperform" rating on shares of Uber Technologies in a research report on Monday, June 1st. Finally, US Capital Advisors set a $95.00 price target on Uber Technologies in a report on Monday, May 11th. 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 given a Sell rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average 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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