Havemeyer Place LP Invests $2.27 Million in Uber Technologies, Inc. $UBER

Key Points

• Havemeyer Place LP opened a new position in Uber during the fourth quarter, buying 27,784 shares worth about $2.27 million.
• Institutional interest in Uber remains strong, with large investors like Norges Bank and Vanguard also holding significant stakes; institutions and hedge funds own about 80.24% of the company.
• Uber reported Q1 earnings of $0.72 per share, topping estimates, and management guided Q2 EPS to $0.78-$0.82, while analysts currently hold a Moderate Buy consensus with an average price target of $104.68.

Havemeyer Place LP purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,784 shares of the ride-sharing company's stock, valued at approximately $2,270,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock valued at $776,883,000 after acquiring an additional 5,293,822 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Uber Technologies by 65.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,902,660 shares of the ride-sharing company's stock valued at $400,596,000 after acquiring an additional 1,935,832 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Uber Technologies by 231.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,503,682 shares of the ride-sharing company's stock valued at $204,576,000 after acquiring an additional 1,747,252 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.81% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $70.84 on Friday. The firm has a market capitalization of $144.21 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 6.01 and a beta of 1.12. The firm has a fifty day simple moving average of $73.53 and a two-hundred day simple moving average of $77.80. 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 $68.46 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The business 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%. Uber Technologies's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. 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 research note on Thursday, May 7th. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research note on Monday, May 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Uber Technologies in a research note on Monday, June 1st. Finally, Piper Sandler lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $104.68.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber CEO Dara Khosrowshahi said AI tools have boosted employee productivity enough that the company is slowing hiring, which could support margins if the efficiency gains hold. The company also said it is capping AI spending after blowing through its annual budget in just one quarter, signaling tighter cost control. Article: Uber CEO Dara Khosrowshahi Says Company 'Blew' Through Its Annual AI Budget In A Single Quarter, Reports Increased Human Productivity
• Positive Sentiment: Uber is expanding its robotaxi ambitions with a large investment in Nuro, tied to plans for a major autonomous vehicle rollout using Lucid vehicles, which could strengthen its long-term growth story. Article: Uber commits nearly $500 million to Nuro robotaxi startup
• Neutral Sentiment: The company also announced a new grant round through its Health Access Fund with LISC to help low-income patients access transportation, which supports Uber’s brand and community relationships but is unlikely to move the stock on its own. Article: Uber and LISC open new grant application through Health Access Fund to bridge transportation gaps for low-income patients
• Neutral Sentiment: Several reports focused on whether Uber is a buy after recent weakness, reflecting ongoing investor debate rather than a clear new catalyst. Article: Is Trending Stock Uber Technologies, Inc. (UBER) a Buy Now?
• Negative Sentiment: Investors remain worried that robotaxis could disrupt Uber’s ride-hailing business, and reports said the company is recruiting fewer drivers in some self-driving markets and is making a bigger bet on autonomous vehicles to adapt. That shift adds uncertainty around Uber’s future moat and driver supply. Article: Uber is making a much bigger bet on robotaxis
• Negative Sentiment: Uber also cut 23% of roles in its People and Places division, a sign of restructuring that may help efficiency but can also reflect pressure to trim costs amid a more cautious outlook. Article: Uber Reshapes HR Team As Stock Trades Below Valuation Estimates

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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.