Trinity Street Asset Management LLP Increases Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Trinity Street Asset Management increased its Uber stake by 16.8% in the first quarter, buying 48,500 more shares and bringing its total to 337,572 shares valued at about $24.3 million.
• Several other hedge funds also raised their Uber positions, and institutional investors now own 80.24% of the stock, indicating continued strong Wall Street ownership.
• Uber’s analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $104.54 average price target, even as recent news highlighted concerns around the end of its Waymo robotaxi partnership and increased safety-related scrutiny.

Trinity Street Asset Management LLP lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 337,572 shares of the ride-sharing company's stock after acquiring an additional 48,500 shares during the quarter. Uber Technologies accounts for about 1.7% of Trinity Street Asset Management LLP's investment portfolio, making the stock its 16th largest holding. Trinity Street Asset Management LLP's holdings in Uber Technologies were worth $24,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UBER. Stelac Advisory Services LLC boosted its holdings in Uber Technologies by 10.4% in the third quarter. Stelac Advisory Services LLC now owns 1,238 shares of the ride-sharing company's stock worth $121,000 after purchasing an additional 117 shares during the last quarter. Cadence Bank grew its position in Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after purchasing an additional 122 shares during the period. Salvus Wealth Management LLC grew its position in Uber Technologies by 4.9% in the 4th quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company's stock worth $216,000 after purchasing an additional 123 shares during the period. Avion Wealth raised its stake in Uber Technologies by 17.5% during the 4th quarter. Avion Wealth now owns 839 shares of the ride-sharing company's stock valued at $68,000 after buying an additional 125 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in Uber Technologies by 6.6% during the 4th quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company's stock valued at $170,000 after buying an additional 129 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Piper Sandler raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. HSBC downgraded Uber Technologies to a "reduce" rating in a report on Monday, May 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of Uber Technologies in a research report on Monday, June 1st. Wolfe Research set a $100.00 price target on Uber Technologies in a research note on Friday, May 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.54.

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

Uber Technologies Trading Down 4.7%

NYSE:UBER opened at $71.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $146.46 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 6.42 and a beta of 1.12. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The business has a fifty day moving average price of $73.28 and a 200-day moving average price of $75.82.

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