Uber Technologies, Inc. $UBER Shares Acquired by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC. increased its Uber stake by 39.3% in the fourth quarter, ending with 483,364 shares worth about $39.5 million.
• Uber is expanding its autonomous vehicle strategy through multiple partnerships, including a robotaxi rollout with Lucid and Nuro in Houston in 2027 and a global Level 4 robotaxi deal with Stellantis and Wayve.
• Despite the positive self-driving news, Uber shares were down 3.1% and remain under some pressure from regulatory concerns and broader market weakness, even as analysts largely keep a Moderate Buy outlook with an average target price near $104.97.

First Manhattan CO. LLC. grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,364 shares of the ride-sharing company's stock after purchasing an additional 136,258 shares during the period. First Manhattan CO. LLC.'s holdings in Uber Technologies were worth $39,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Advisors Capital Management LLC increased its holdings in shares of Uber Technologies by 1.8% in the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company's stock valued at $627,000 after purchasing an additional 111 shares during the period. Stelac Advisory Services LLC increased its holdings in shares of 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 valued at $121,000 after purchasing an additional 117 shares during the period. Cadence Bank increased its holdings in shares of Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock valued at $722,000 after purchasing an additional 122 shares during the period. Salvus Wealth Management LLC increased its holdings in shares of Uber Technologies by 4.9% in the fourth quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company's stock valued at $216,000 after purchasing an additional 123 shares during the period. Finally, Avion Wealth grew its holdings in Uber Technologies by 17.5% during the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company's stock worth $68,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber announced it will expand its robotaxi partnership with Lucid and Nuro into Houston in 2027, with Uber operating the network and the partners supplying vehicles and self-driving technology. The move suggests Uber is making concrete progress toward scaling its autonomous ride-hailing strategy, which could support long-term growth. Article Title
• Positive Sentiment: Uber also unveiled a broader autonomous-driving partnership with Stellantis and Wayve to deploy Level 4 robotaxis globally. That adds another route for Uber to deepen its role in self-driving mobility and potentially expand its platform economics over time. Article Title
• Positive Sentiment: Uber and WeRide announced plans to launch commercial robotaxi service in Zurich later this year, expanding the companies’ European footprint after Madrid. The ongoing international rollout reinforces Uber’s autonomous mobility ambitions. Article Title
• Neutral Sentiment: Uber’s stock was also hit by headlines about an investigation into “fictitious discounts” and dynamic pricing, which could keep regulatory and consumer-trust concerns in focus if the issue gains traction. Article Title
• Neutral Sentiment: A separate report said Uber’s latest advertising products could make the stock look undervalued, but that story is more of a valuation argument than an immediate catalyst. Article Title
• Negative Sentiment: Zacks reported that Uber Technologies (UBER) declined more than the broader market in the latest session, reflecting that the positive robotaxi news has not yet fully offset near-term pressure on the shares. Article Title

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UBER. Tigress Financial upped their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. DA Davidson reiterated a "buy" rating and set a $107.00 target price on shares of Uber Technologies in a research report on Tuesday, May 26th. The Goldman Sachs Group set a $115.00 price objective on Uber Technologies in a research report on Thursday, May 7th. Piper Sandler upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Finally, Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.97.

Uber Technologies Stock Down 3.1%

Shares of NYSE:UBER opened at $70.97 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. The stock's fifty day simple moving average is $73.44 and its 200-day simple moving average is $76.85. The company has a market capitalization of $144.47 billion, a P/E ratio of 17.70, a P/E/G ratio of 6.23 and a beta of 1.12.

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

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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