Peregrine Capital Management LLC Has $49.70 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Peregrine Capital Management cut its Uber stake by 6.2% in the first quarter, selling 45,450 shares. The fund still held 690,947 shares valued at about $49.7 million, making Uber its 7th-largest holding.
• Uber shares were down 4.7%, opening at $71.95, while the company’s market cap stood at $146.46 billion. The stock has traded between a 52-week low of $67.19 and a high of $101.99.
• Uber recently beat quarterly EPS expectations with $0.72 per share and reported 14.5% year-over-year revenue growth, but investors are also watching negative developments such as the end of its Phoenix robotaxi partnership with Waymo and added safety-related scrutiny.

Peregrine Capital Management LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 690,947 shares of the ride-sharing company's stock after selling 45,450 shares during the period. Uber Technologies comprises about 1.8% of Peregrine Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Peregrine Capital Management LLC's holdings in Uber Technologies were worth $49,700,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies during the fourth 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. Portus Wealth Advisors LLC bought a new position in Uber Technologies during the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the 3rd quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the 4th quarter worth approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 4.7%

UBER opened at $71.95 on Wednesday. The stock has a market cap of $146.46 billion, a PE ratio of 17.94, a PEG ratio of 6.42 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $73.28 and a 200-day moving average of $75.82. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. 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 fiscal year.

More Uber Technologies News

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

• Negative Sentiment: Uber ended its Phoenix robotaxi partnership with Waymo, removing Waymo rides from the Uber app and renewing worries about Uber’s long-term autonomous-driving strategy. Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Analysts and commentators suggested the split could weigh on Uber shares by increasing uncertainty around future robotaxi partnerships and competitive positioning in autonomous ride-hailing. Uber, Waymo end robotaxi partnership in Phoenix
• Negative Sentiment: Uber also drew attention for tightening driver background checks amid rider-safety lawsuits, which could add compliance costs and keep safety concerns in the spotlight. Uber changes key rule for drivers amid rider safety lawsuits
• Neutral Sentiment: OpenAI hired a former Uber India executive to lead its India growth efforts, a move that reflects Uber talent being sought elsewhere but has no direct business impact on Uber’s current operations. OpenAI Deepens India Bet, Hires Ex-Uber Executive To Drive Growth, Partnerships

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBER shares. Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a research report on Monday, June 22nd. Tigress Financial upped their target price on Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday, June 12th. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday. Piper Sandler lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have assigned a Hold rating and three have assigned 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 price target of $104.54.

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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