Strs Ohio Sells 26,592 Shares of Uber Technologies, Inc. $UBER

Key Points

• Strs Ohio reduced its Uber stake by 2.7% in the first quarter, selling 26,592 shares and leaving it with 943,845 shares valued at about $67.9 million.
• Uber remains heavily owned by institutions, with hedge funds and asset managers making notable moves in the stock; overall, institutional investors hold about 80.24% of the company.
• Wall Street sentiment is still broadly positive: several brokerages reiterated buy/outperform ratings, and Uber’s consensus price target is around $104.54, well above its recent trading price.

Strs Ohio cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 943,845 shares of the ride-sharing company's stock after selling 26,592 shares during the quarter. Strs Ohio's holdings in Uber Technologies were worth $67,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Norges Bank bought a new position in Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Marshall Wace LLP raised its holdings in Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock valued at $776,883,000 after acquiring an additional 5,293,822 shares during the period. Employees Provident Fund Board purchased a new stake in shares of Uber Technologies during the fourth quarter worth $265,205,000. Finally, Capital Research Global Investors lifted its position in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

More Uber Technologies News

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

• Positive Sentiment: Analysts and market commentary continue to point to strong trip volume and gross bookings growth, with price targets still clustering around $100 to $107, implying confidence in Uber’s operating momentum and earnings outlook. Uber Stock (UBER) Opinions on Analyst Upgrades and Growth Metrics
• Positive Sentiment: Uber’s push into autonomous vehicles remains a key bullish catalyst, with recent partnerships and robotaxi developments reinforcing the story that the company can expand beyond ride-hailing and delivery. Is UBER's AV Push Reason Enough to Invest in the Stock Currently?
• Positive Sentiment: Uber-backed Lime’s IPO and public-market interest in micromobility could be viewed as a validation of Uber’s broader mobility ecosystem and strategic investments. Uber-Backed Lime Prices Its Public Debut
• Neutral Sentiment: Uber’s AI data-labeling unit is undergoing a leadership shakeup, which signals internal restructuring but does not yet clearly change the core investment case. Uber Removes Two Leaders From AI Growth Unit
• Negative Sentiment: Some commentary highlights ongoing risks from debt, labor unrest, and geopolitical uncertainty, while Waymo’s decision to exit the Uber app in Phoenix underscores that autonomy competition could pressure the long-term robotaxi bull case. Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case

Analyst Ratings Changes

Several brokerages have recently weighed in on UBER. Sanford C. Bernstein reiterated an "outperform" rating on shares of Uber Technologies in a research report on Monday, June 1st. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research note on Monday, June 22nd. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Finally, DA Davidson reiterated a "buy" rating and set a $107.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.54.

Uber Technologies Stock Performance

Shares of UBER opened at $74.39 on Friday. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market cap of $151.42 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.17 and a beta of 1.12. The stock has a 50-day moving average price of $73.12 and a 200-day moving average price of $75.65.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same period last year, the firm posted $0.83 earnings per share. Uber Technologies's quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal 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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