Elk River Wealth Management LLC Lowers Holdings in Uber Technologies, Inc. $UBER

Key Points

• Elk River Wealth Management cut its Uber position by 58.5% in the first quarter, selling 42,722 shares and leaving it with 30,341 shares worth about $2.18 million.
• Uber’s latest earnings beat expectations, with EPS of $0.72 versus the $0.69 estimate, and quarterly revenue rose 14.5% year over year to $13.2 billion.
• Analysts remain broadly positive: several firms raised price targets or ratings, and Uber now has a Moderate Buy consensus with an average price target of $104.97, though a shareholder lawsuit over compliance and safety issues adds legal risk.

Elk River Wealth Management LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 58.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,341 shares of the ride-sharing company's stock after selling 42,722 shares during the quarter. Elk River Wealth Management LLC's holdings in Uber Technologies were worth $2,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Brighton Jones LLC raised its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC raised its holdings in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $842,000. Institutional investors own 80.24% of the company's stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber-backed Lime’s IPO could benefit Uber by boosting the value of its investment stake and reinforcing the company’s position in micromobility. Uber-backed electric bike firm Lime seeks $180.9 million in IPO
• Positive Sentiment: Uber is being highlighted by analysts as a long-term stock with substantial upside potential, which may support investor confidence. 5 Most Promising Long-Term Stocks to Buy According to Analysts
• Neutral Sentiment: Uber was cited among companies calling for faster electrification policies, a potentially supportive but indirect theme for its long-term mobility strategy. Uber, Autodesk, Coca-Cola, Levi Strauss and Others Call for Governments to Accelerate Electrification
• Negative Sentiment: Shareholders sued Uber’s board over alleged compliance and safety failures, adding legal overhang and renewed scrutiny of the company’s governance and risk controls. Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures

Uber Technologies Price Performance

Shares of UBER opened at $71.51 on Tuesday. The company has a market cap of $145.56 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $73.43 and a two-hundred day moving average of $76.52.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business's quarterly 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, analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Raymond James Financial raised Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research report on Monday, May 11th. Royal Bank Of Canada started coverage on Uber Technologies in a report on Monday, May 11th. They issued an "outperform" rating on the stock. UBS Group lowered Uber Technologies from a "buy" rating to a "neutral" rating in a research report on Monday, May 11th. Finally, Macquarie Infrastructure upgraded Uber Technologies to an "outperform" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.97.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.