Fisher Funds Management LTD Acquires 672,858 Shares of Uber Technologies, Inc. $UBER

Key Points

• Fisher Funds Management LTD sharply increased its Uber stake, buying 672,858 shares in the first quarter and lifting its holdings by 584.2% to 788,026 shares worth about $56.7 million.
• Several analysts remain constructive on Uber, with multiple firms reiterating bullish ratings and a consensus Moderate Buy view, alongside an average price target of $104.97.
• Uber reported stronger-than-expected quarterly earnings of $0.72 per share and 14.5% year-over-year revenue growth, while also highlighting continued expansion in areas like family ride tools, delivery, and autonomous vehicle partnerships.

Fisher Funds Management LTD increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 584.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 788,026 shares of the ride-sharing company's stock after buying an additional 672,858 shares during the quarter. Uber Technologies comprises approximately 1.7% of Fisher Funds Management LTD's portfolio, making the stock its 16th biggest position. Fisher Funds Management LTD's holdings in Uber Technologies were worth $56,683,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UBER. Needham & Company LLC reissued a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, May 7th. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. Piper Sandler increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research report on Monday, May 11th. Finally, Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research note on Tuesday, May 26th. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.97.

Uber Technologies Stock Up 0.4%

Shares of NYSE UBER opened at $71.91 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. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The firm's 50-day moving average price is $73.44 and its 200-day moving average price is $76.63. The stock has a market capitalization of $146.38 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 6.09 and a beta of 1.12.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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 return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm'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. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber launched a new Life360 integration that lets parents request teen rides, track trips in real time, and manage family transportation in one app, which could help deepen user engagement and attract more family-oriented rides. Life360 and Uber Partner to Help Parents Coordinate Rides From Anywhere
• Positive Sentiment: Turkey’s competition board approved Uber’s acquisition of Getir’s delivery business, removing a regulatory hurdle and supporting Uber’s expansion in a new market alongside a planned $500 million investment in Turkey. Turkish competition board approves Uber acquisition of Getir delivery business
• Positive Sentiment: Uber continues to build out its autonomous vehicle strategy, with new robotaxi partnerships in Houston and Zurich and a broader Stellantis-Wayve-Uber collaboration, reinforcing the company’s long-term growth story and helping support bullish analyst sentiment. Stellantis, Wayve and Uber team up to develop global robotaxi services
• Positive Sentiment: Bank of America said Uber’s robotaxi expansion could improve investor sentiment, while Tigress Financial raised its price target, signaling confidence in Uber’s earnings growth and autonomous-driving roadmap. Uber Robotaxi expansion could shift autonomous vehicle narrative, says BofA
• Neutral Sentiment: Some articles focused on Uber as a strong long-term stock idea versus peers and on its expanding advertising business, but these were more reinforcing than immediately market-moving.
• Negative Sentiment: Uber also drew criticism after Consumer Reports said riders sometimes saw widely different prices for the same trip, which could add scrutiny around pricing practices if the issue gains traction. Uber and Lyft may charge you $40 more for the exact same ride as someone else — but both deny surveillance pricing

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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