Uber Technologies, Inc. $UBER Shares Purchased by Everest Financial Group LLC

Key Points

• Everest Financial Group LLC increased its Uber stake by 27.8% in the first quarter, adding 20,166 shares to reach 92,799 shares worth about $6.7 million.
• Uber continues to attract heavy institutional ownership, with several large funds recently adding shares; overall, 80.24% of the stock is owned by institutions and hedge funds.
• Analyst sentiment remains mixed but positive overall: Uber has a Moderate Buy consensus and a $104.65 average price target, though some firms recently downgraded or turned more cautious on the stock.

Everest Financial Group LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,799 shares of the ride-sharing company's stock after acquiring an additional 20,166 shares during the period. Uber Technologies comprises about 1.1% of Everest Financial Group LLC's investment portfolio, making the stock its 26th biggest holding. Everest Financial Group LLC's holdings in Uber Technologies were worth $6,675,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have weighed in on UBER. BNP Paribas Exane lowered Uber Technologies to an "underweight" rating in a research report on Monday, May 11th. Tigress Financial boosted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday, June 12th. UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Finally, Wolfe Research set a $100.00 price objective on shares of Uber Technologies in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.65.

Uber Technologies News Roundup

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

• Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
• Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
• Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
• Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
• Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski... lands a role in Travis Kalanick's $1.7B robotics venture

Uber Technologies Stock Performance

Shares of UBER stock opened at $66.00 on Friday. Uber Technologies, Inc. has a 12-month low of $65.56 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 firm has a market capitalization of $134.36 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 5.54 and a beta of 1.12. The business has a 50 day simple moving average of $72.16 and a 200 day simple moving average of $74.72.

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 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 quarter in the previous year, the business earned $0.83 EPS. The firm's revenue for the quarter 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, equities research analysts anticipate that Uber Technologies, Inc. will post 2.98 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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