Main Street Research LLC Lowers Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Main Street Research LLC slashed its Uber stake by 97.4% in the first quarter, leaving it with 11,491 shares worth about $827,000. Despite that reduction, Uber remains heavily owned by institutions, with about 80.24% of shares held by hedge funds and other investors.
• Uber continues to draw broad Wall Street support, with several recent analyst upgrades and an average rating of “Moderate Buy”. The consensus price target stands at $104.18, well above the stock’s recent trading level.
• The company posted better-than-expected quarterly EPS of $0.72 and reported 14.5% year-over-year revenue growth, while also guiding Q2 2026 EPS at $0.78 to $0.82. News flow around Uber also highlights ongoing investment in AI-driven efficiency and continued interest in its robotaxi/autonomy outlook.

Main Street Research LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 97.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,491 shares of the ride-sharing company's stock after selling 435,414 shares during the period. Main Street Research LLC's holdings in Uber Technologies were worth $827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies during the 3rd quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $25,000. Osbon Capital Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in Uber Technologies in the 1st quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" rating in a research report on Monday, May 11th. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a report on Monday, May 11th. Truist Financial upped their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a report on Friday, May 29th. Finally, The Goldman Sachs Group set a $100.00 price target on shares of Uber Technologies in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.18.

Uber Technologies Trading Up 1.0%

NYSE UBER opened at $74.31 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The stock has a market capitalization of $151.28 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 6.25 and a beta of 1.12. The firm has a 50 day moving average of $72.99 and a two-hundred day moving average of $75.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for 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 was up 14.5% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber is deepening its use of artificial intelligence inside the company, with its CTO saying the firm embedded AI engineers in HR, finance, and legal and is building “agentic pods” to improve efficiency. That suggests potential operating leverage and lower internal costs over time. Uber's CTO embedded its top AI engineers in HR, finance, and legal, and found better ways to build
• Positive Sentiment: Recent commentary says Uber’s gross bookings strength, driven by Mobility, Delivery, Uber One, and app upgrades, could help support second-quarter results, which is encouraging for investors looking for continued growth momentum. Will Gross Booking Strength Give a Boost to Uber's Results in Q2?
• Positive Sentiment: Wall Street remains broadly constructive on Uber, with multiple recent Buy/Overweight ratings and a median price target above the current trading range, reinforcing a bullish longer-term view. Is It Worth Investing in Uber (UBER) Based on Wall Street's Bullish Views?
• Neutral Sentiment: Uber continues to be in the broader autonomous-vehicle discussion, with social-media attention on robotaxis and reports about AI vehicles affecting driver earnings. This keeps the long-term narrative active, but it also highlights uncertainty around how autonomy could affect driver economics and the ride-hailing model. Uber Technologies Stock (UBER) Opinions on AI Vehicles Impacting Driver Earnings
• Neutral Sentiment: Competitive robotaxi developments from Waymo also remain relevant for Uber, but this is more of an industry backdrop than a direct company-specific catalyst today. Waymo Widens Lead Over Tesla, Expands Robotaxis To Four New Cities
• Negative Sentiment: Autonomy headlines can also raise concerns that robotaxis could pressure driver earnings and eventually alter Uber’s core marketplace economics, which is a risk investors continue to watch. Uber Technologies Stock (UBER) Opinions on AI Vehicles Impacting Driver Earnings

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.

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