Uber Technologies, Inc. $UBER Shares Bought by L1 Capital International Pty Ltd

Key Points

• L1 Capital International Pty Ltd increased its Uber stake by 358.9% in the fourth quarter, ending with 665,918 shares worth about $54.4 million. Uber now represents 2.8% of the fund’s portfolio.
• Other institutional investors also boosted their holdings, and institutions own 80.24% of Uber’s stock overall. Insider activity included SVP Nikki Krishnamurthy selling 30,000 shares in March.
• Wall Street remains cautiously bullish: Uber has an average “Moderate Buy” rating with a $104.97 target price, though some firms recently downgraded the stock. The company also beat Q1 EPS estimates and reported 14.5% year-over-year revenue growth, even as shares traded down 1.3% in the latest session.

L1 Capital International Pty Ltd lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 358.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 665,918 shares of the ride-sharing company's stock after acquiring an additional 520,791 shares during the period. Uber Technologies makes up 2.8% of L1 Capital International Pty Ltd's portfolio, making the stock its 16th biggest position. L1 Capital International Pty Ltd's holdings in Uber Technologies were worth $54,412,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UBER. Banco Santander S.A. boosted its stake in shares of Uber Technologies by 21.2% in the fourth quarter. Banco Santander S.A. now owns 468,422 shares of the ride-sharing company's stock valued at $38,275,000 after purchasing an additional 82,013 shares during the period. Cohen & Steers Inc. boosted its stake in shares of Uber Technologies by 15.0% in the fourth quarter. Cohen & Steers Inc. now owns 2,300 shares of the ride-sharing company's stock valued at $188,000 after purchasing an additional 300 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Uber Technologies by 75.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 25,495 shares of the ride-sharing company's stock valued at $2,083,000 after purchasing an additional 10,948 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of Uber Technologies by 6.8% in the fourth quarter. Sumitomo Life Insurance Co. now owns 168,333 shares of the ride-sharing company's stock valued at $13,754,000 after purchasing an additional 10,694 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in shares of Uber Technologies by 69.0% in the fourth quarter. Wealthspire Advisors LLC now owns 17,392 shares of the ride-sharing company's stock valued at $1,421,000 after purchasing an additional 7,102 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. TD Cowen began coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued a "hold" rating for the company. BTIG Research restated a "buy" rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, May 26th. Macquarie Infrastructure upgraded shares of Uber Technologies to an "outperform" rating in a research note on Monday, May 11th. Finally, HSBC downgraded shares of Uber Technologies to a "reduce" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.97.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.81% of the company's stock.

Key Headlines Impacting Uber Technologies

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

• Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
• Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
• Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
• Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
• Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?

Uber Technologies Trading Down 1.3%

NYSE UBER opened at $68.67 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 debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $139.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 5.91 and a beta of 1.12. The company's fifty day moving average price is $73.41 and its two-hundred day moving average price is $77.16.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS 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 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 firm posted $0.83 EPS. The firm's revenue 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, research analysts predict 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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