Swedbank AB Sells 32,597 Shares of Uber Technologies, Inc. $UBER

Key Points

• Swedbank AB reduced its Uber stake by 4.3% in the fourth quarter, selling 32,597 shares and leaving it with 725,879 shares valued at about $59.3 million.
• Uber’s latest earnings beat expectations, with EPS of $0.72 versus the $0.69 consensus and revenue up 14.5% year over year to $13.2 billion, while the company issued Q2 guidance of $0.78 to $0.82 EPS.
• Analyst sentiment remains mostly constructive despite some mixed revisions: Uber has a Moderate Buy consensus rating and an average price target of $104.97, even as several firms trimmed ratings or targets.

Swedbank AB cut its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 725,879 shares of the ride-sharing company's stock after selling 32,597 shares during the quarter. Swedbank AB's holdings in Uber Technologies were worth $59,312,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Ares Financial Consulting LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $28,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $32,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $34,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings cut Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, May 13th. US Capital Advisors set a $95.00 target price on Uber Technologies in a report on Monday, May 11th. Wedbush dropped their target price on Uber Technologies from $78.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, February 5th. Macquarie Infrastructure upgraded Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Finally, UBS Group cut Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $104.97.

Uber Technologies Trading Down 2.4%

NYSE UBER opened at $71.87 on Friday. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day simple moving average of $74.14 and a two-hundred day simple moving average of $79.36. The stock has a market cap of $146.31 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion during the quarter, compared to analysts' expectations of $13.28 billion. During the same quarter last year, the business posted $0.83 EPS. The business's 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. On average, analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber is reportedly considering a full acquisition of Delivery Hero, a move that could broaden its global food-delivery scale and improve its competitive position outside the U.S. Uber explores takeover of European food delivery rival Delivery Hero - Bloomberg
• Positive Sentiment: Analysts and media coverage also pointed to strong underlying business momentum, with Uber’s gross bookings still growing and its Q2 guidance implying continued demand in Mobility and Delivery. Sustained Gross Bookings Momentum Benefits Uber: What Lies Ahead?
• Positive Sentiment: Uber’s autonomous-vehicle strategy remains a key long-term catalyst, with Nvidia saying its partnership could help power robotaxi expansion across nearly 30 cities and four continents by 2028. Jensen Huang Says Nvidia Is Powering Uber's Push Into Trillion-Dollar Self-Driving Opportunity Across 30 Cities
• Neutral Sentiment: Uber was also linked to broader commentary on its post-earnings outlook and autonomous push, but these pieces were more thematic than immediately stock-moving. What’s next for Uber after Q1 earnings and its aggressive autonomous push?
• Negative Sentiment: Investor caution increased because a takeover of Delivery Hero could require significant spending and may distract from Uber’s push for profitability and disciplined capital deployment. Uber considers full takeover of Delivery Hero in major expansion move: Report
• Negative Sentiment: Separate headlines about potential liability and insurance issues around Uber’s driver accidents added to regulatory and reputational concerns. Consumer Watchdog Report: Uber Plan To Limit Accident Liability Aims To Free Up Insurance Reserves

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was 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 $34,303,284.20. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.81% of the company's stock.

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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