Louisiana State Employees Retirement System Invests $7.54 Million in Uber Technologies, Inc. $UBER

Key Points

• Louisiana State Employees Retirement System bought a new stake in Uber during the first quarter, purchasing 104,900 shares worth about $7.54 million.
• Uber has been drawing bullish attention from other institutional investors as well, with several funds adding to their positions and 80.24% of the stock now held by institutions.
• The company continues to show operational momentum, reporting Q1 EPS of $0.72 versus estimates of $0.69 and revenue growth of 14.5% year over year, while analysts maintain a Moderate Buy consensus with an average target price near $104.97.

Louisiana State Employees Retirement System purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 104,900 shares of the ride-sharing company's stock, valued at approximately $7,545,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Brighton Jones LLC lifted 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 worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its holdings 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 purchasing an additional 641 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Uber Technologies during the 1st quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. purchased a new position in shares of Uber Technologies during the second quarter valued at about $842,000. 80.24% of the stock is currently owned by institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber announced a broader Uber Eats marketplace with new retail partners such as Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors, and Choice Pet, expanding the platform into beauty, office supplies, sporting goods, and pet products. Uber Eats Adds New U.S. Retailers, Expanding Selection Across Beauty, Office Supplies, Sporting Goods, and More
• Positive Sentiment: Market reaction to the Uber Eats expansion was upbeat, with multiple reports saying the stock moved higher as investors cheered the move and saw it as a technical breakout above key moving averages. Uber Shares Higher After Uber Eats Expands Non-Food Options
• Positive Sentiment: Analysts and commentators pointed to Uber’s growing delivery and mobility businesses, including 25% gross bookings growth and the launch of an autonomous vehicle unit, as evidence of continued underlying business strength. Uber's Gross Bookings Are Up 25% and It Just Launched an Autonomous Vehicle Unit. Is This the Transportation Stock to Own in 2026?
• Positive Sentiment: Uber drew additional bullish attention after a filing showed new call-option purchases tied to the stock, suggesting some investors are positioning for more upside. Pelosi discloses bullish options bets on Intel and Uber
• Neutral Sentiment: Several pieces highlighted Uber’s expansion in Europe and the potential for London robotaxis, but these developments remain dependent on regulatory approvals and are not yet near-term revenue drivers. The Lime IPO Offers Excitement, but This Stock Will Be the Better Long-Term Moneymaker
• Negative Sentiment: Some coverage said Uber’s stock is still trading near 52-week lows despite strong earnings and booking growth, with investors worried that autonomous-vehicle competition and execution risks could keep pressure on the shares. Uber (UBER) Stock Slides Despite Strong Q1 Earnings: What Investors Need to Know

Uber Technologies Price Performance

Shares of UBER stock opened at $72.15 on Friday. 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 fifty day simple moving average of $73.43 and a two-hundred day simple moving average of $76.11. The stock has a market capitalization of $146.87 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 6.28 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.

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

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a research report on Monday. Wells Fargo & Company increased their target price on Uber Technologies from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. The Goldman Sachs Group set a $115.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. Needham & Company LLC reissued a "buy" rating and issued a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $104.97.

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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