Fortis Group Advisors LLC Acquires New Stake in Uber Technologies, Inc. $UBER

Key Points

• Fortis Group Advisors LLC disclosed a new stake in Uber Technologies during the fourth quarter, buying 19,276 shares valued at about $1.54 million.
• Uber’s stock was trading slightly higher, and the company also reported better-than-expected Q1 earnings with EPS of $0.72 versus estimates of $0.69, while revenue rose 14.5% year over year.
• Institutional ownership remains very high at 80.24%, and analyst sentiment is still constructive overall with a Moderate Buy consensus and an average price target of $105.11.

Fortis Group Advisors LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,276 shares of the ride-sharing company's stock, valued at approximately $1,543,000.

Other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Uber Technologies during the third quarter valued at $1,859,000. Mawer Investment Management Ltd. bought a new stake in Uber Technologies during the third quarter valued at $74,107,000. Rhumbline Advisers boosted its position in shares of Uber Technologies by 1.1% during the 3rd quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company's stock worth $365,479,000 after purchasing an additional 42,278 shares in the last quarter. Longbow Finance SA boosted its position in shares of Uber Technologies by 51.8% during the 3rd quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company's stock worth $11,001,000 after purchasing an additional 38,304 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares in the last quarter. 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 increased its stake in Delivery Hero to 19.5%, making it the company’s largest shareholder and giving it a blocking minority. Investors may view this as a bullish move that expands Uber’s exposure to food delivery beyond the U.S. and supports its platform strategy. Uber Deepens Delivery Hero Stake As Food Delivery Shapes Valuation
• Positive Sentiment: Multiple reports highlighted that Uber’s expanded Delivery Hero position could be viewed as a sign of confidence in its delivery segment and a way to reinforce growth outside ride-hailing. UBER Stock Alert: Uber Just Upped Its Stake in Delivery Hero
• Neutral Sentiment: Joby Aviation said its air-taxi plans include partnerships with Uber and Delta, which keeps Uber associated with future mobility opportunities, but the impact on near-term earnings remains limited. Joby Aviation Nears Air Taxi Launch As FAA Progress Meets Partner Plans
• Negative Sentiment: A new report said Empower is undercutting Uber and Lyft on price by nearly 30% in New York City, underscoring competitive pressure in rideshare that could weigh on pricing power and market share. 30% Cheaper and Growing Fast: New Obi Research Reveals Empower's Surge in New York City
• Negative Sentiment: Commentary noted Uber’s stock has stumbled in 2026 and that investors are hoping new products such as “Eats for the Way” can help restore confidence, suggesting the market still wants clearer evidence of a turnaround. Your Morning Coffee, on Uber: Investors Counting on an UBER Stock Turnaround Are Hoping That ‘Eats for the Way’ Pays Off

Uber Technologies Trading Up 0.8%

NYSE:UBER opened at $74.66 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $151.97 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 6.30 and a beta of 1.16. Uber Technologies, Inc. has a 52 week low of $68.46 and a 52 week high of $101.99. The firm has a 50-day moving average price of $74.18 and a two-hundred day moving average price of $79.57.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares in the company, valued at approximately $2,047,867.50. This represents a 357.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.81% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, February 5th. Guggenheim reissued a "buy" rating and set a $125.00 price objective on shares of Uber Technologies in a research report on Monday, April 27th. Weiss Ratings cut shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Finally, Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.11.

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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