Munich Reinsurance Co Stock Corp in Munich Decreases Stake in Uber Technologies, Inc. $UBER

Key Points

• Munich Reinsurance cut its Uber stake by 35% in the first quarter, selling 130,523 shares and leaving it with 242,679 shares worth about $17.5 million.
• Despite that sale, Uber is still seeing broadly bullish Wall Street sentiment, with several firms raising price targets and analysts pointing to strong gross bookings and app improvements ahead of earnings.
• Uber’s outlook is being shaped by both opportunity and risk: investors are watching its potential benefit from the robotaxi rollout and possible Delivery Hero deal, while recent reports also note share-price weakness and rising autonomous-ride competition.

Munich Reinsurance Co Stock Corp in Munich lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,679 shares of the ride-sharing company's stock after selling 130,523 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in Uber Technologies were worth $17,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Osbon Capital Management LLC bought a new stake in Uber Technologies during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new position in Uber Technologies in the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Analysts say gross booking strength from Mobility, Delivery, Uber One, and app upgrades could help Uber deliver strong Q2 results, supporting the stock ahead of earnings. Will Gross Booking Strength Give a Boost to Uber's Results in Q2?
• Positive Sentiment: Wells Fargo reportedly raised its price target to $100, reinforcing bullish Wall Street sentiment on Uber. Uber Technologies Given New $100.00 Price Target at Wells Fargo & Company
• Positive Sentiment: Uber continues to receive bullish coverage on the view that it can benefit from the robotaxi rollout without bearing the heavy cost of building autonomous vehicles itself. Uber: The Robotaxi Revolution Makes Me More Bullish
• Neutral Sentiment: Waymo’s expansion into four more cities underscores rising competition in autonomous ride-hailing, which could influence how investors value Uber’s long-term mobility strategy. Waymo Widens Lead Over Tesla, Expands Robotaxis To Four New Cities
• Neutral Sentiment: Uber’s recent move to pause most Uber Eats expansion in Europe and focus on a possible Delivery Hero acquisition may improve strategic focus, but it also adds execution and regulatory uncertainty. How Investors Are Reacting To Uber Technologies Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Recent reports note Uber shares have been sliding, suggesting investors are cautious despite the bullish commentary. Uber Technologies Stock Slides as Market Rises: Facts to Know Before You Trade

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UBER. Guggenheim reissued a "buy" rating on shares of Uber Technologies in a report on Tuesday, June 9th. Tigress Financial raised their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a research report on Monday, May 11th. Needham & Company LLC reiterated a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $104.18.

Uber Technologies Trading Down 0.9%

Shares of UBER opened at $73.67 on Thursday. The business has a 50-day moving average of $72.99 and a 200 day moving average of $75.46. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The firm has a market cap of $149.96 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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 business had revenue of $13.20 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current year.

About Uber Technologies

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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