Northwestern Mutual Wealth Management Co. Trims Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Northwestern Mutual Wealth Management sharply reduced its Uber stake by 97.9% in the fourth quarter, selling 974,259 shares and ending with 20,460 shares worth about $1.67 million.
• Uber continues to attract attention from other institutional investors and Wall Street, with 80%+ of shares owned by hedge funds and analysts maintaining an overall Moderate Buy rating with an average price target of about $104.97.
• The company posted a solid quarter, reporting $0.72 EPS on $13.2 billion in revenue and guiding Q2 2026 EPS to 0.780-0.820, though the article notes ongoing concerns around AI spending and customer/regulatory scrutiny.

Northwestern Mutual Wealth Management Co. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 97.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,460 shares of the ride-sharing company's stock after selling 974,259 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Uber Technologies were worth $1,672,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UBER. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies during the third quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. Imprint Wealth LLC purchased a new position in Uber Technologies during the third quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Uber Technologies during the third quarter valued at approximately $34,000. Finally, Hager Investment Management Services LLC increased its holdings in Uber Technologies by 276.2% during the fourth quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company's stock valued at $40,000 after buying an additional 359 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber increased its stake in Delivery Hero to 36.83% and boosted its voting rights to 24.99%, reinforcing takeover expectations and signaling an aggressive push into global food delivery. Uber Grabs Bigger Delivery Hero Stake to Edge Closer to Takeover
• Positive Sentiment: Uber was mentioned in reports about a strategic partnership with Mews that embeds Uber ride-booking and billing into hotel software, which could expand distribution and create new enterprise demand. Hotel Platform Mews Embeds Uber to Transport Guests and Staff
• Positive Sentiment: Uber also saw unusually heavy call buying, which can reflect traders positioning for further upside after the recent takeover news.
• Neutral Sentiment: Jim Cramer named Uber among stocks he would buy, adding a small sentiment boost but no direct business catalyst. Cramer On DoorDash: 'They Just Want Semis' — Uber, Reddit, Zscaler Caught In The Same Rotation
• Neutral Sentiment: Uber and JSW announced a collaboration to speed EV adoption in India, which supports the company’s mobility strategy but is not a major near-term earnings driver. JSW and Uber partner to accelerate EV adoption in India
• Negative Sentiment: Uber is facing renewed scrutiny over its AI spending, with executives questioning whether rapid costs are producing enough customer value, which raises margin concerns. Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it’s worth it
• Negative Sentiment: Consumer complaints about Uber One membership charges and a report questioning Uber’s insurance disclosures add reputational and regulatory overhang. Upset Uber customers charged for monthly memberships they say they never signed up for

Analysts Set New Price Targets

Several brokerages recently issued reports on UBER. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Canaccord Genuity Group set a $72.00 price target on shares of Uber Technologies in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. HSBC lowered shares of Uber Technologies to a "reduce" rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group set a $115.00 price target on shares of Uber Technologies in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $104.97.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.81% of the company's stock.

Uber Technologies Trading Up 0.9%

NYSE UBER opened at $70.79 on Thursday. The company has a market capitalization of $144.09 billion, a PE ratio of 17.65, a P/E/G ratio of 5.96 and a beta of 1.16. The company has a fifty day moving average of $73.98 and a 200 day moving average of $78.74. Uber Technologies, Inc. has a 1 year low of $68.46 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.

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

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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