Novare Capital Management LLC Buys 71,653 Shares of Uber Technologies, Inc. $UBER

Key Points

• Novare Capital Management sharply boosted its Uber position in Q1, increasing its stake by 1,152.9% to 77,868 shares valued at about $5.6 million.
• Uber continues to attract broad institutional support, with institutions owning 80.24% of the stock, while analysts overall maintain a Moderate Buy consensus and an average price target of $104.97.
• The company posted better-than-expected Q1 EPS of $0.72 and 14.5% revenue growth year over year, though the article also notes legal overhang from a shareholder lawsuit tied to compliance and safety issues.

Novare Capital Management LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,152.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,868 shares of the ride-sharing company's stock after acquiring an additional 71,653 shares during the period. Novare Capital Management LLC's holdings in Uber Technologies were worth $5,601,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UBER. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies in the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the fourth quarter worth approximately $27,000. Finally, Ares Financial Consulting LLC purchased a new stake in Uber Technologies in the fourth quarter worth approximately $28,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies News Summary

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

• Positive Sentiment: Uber-backed Lime’s IPO could benefit Uber by boosting the value of its investment stake and reinforcing the company’s position in micromobility. Uber-backed electric bike firm Lime seeks $180.9 million in IPO
• Positive Sentiment: Uber is being highlighted by analysts as a long-term stock with substantial upside potential, which may support investor confidence. 5 Most Promising Long-Term Stocks to Buy According to Analysts
• Neutral Sentiment: Uber was cited among companies calling for faster electrification policies, a potentially supportive but indirect theme for its long-term mobility strategy. Uber, Autodesk, Coca-Cola, Levi Strauss and Others Call for Governments to Accelerate Electrification
• Negative Sentiment: Shareholders sued Uber’s board over alleged compliance and safety failures, adding legal overhang and renewed scrutiny of the company’s governance and risk controls. Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures

Analysts Set New Price Targets

UBER has been the topic of several research reports. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research note on Monday, May 11th. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a report on Friday, May 29th. Truist Financial increased their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 7th. BTIG Research reissued a "buy" rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, May 26th. Finally, UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.97.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.51 on Tuesday. 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, 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 $145.56 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The business has a 50 day moving average price of $73.43 and a 200-day moving average price of $76.52.

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