Uber Technologies, Inc. $UBER Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al increased its Uber position by 13% in the fourth quarter, holding 238,700 shares worth about $19.5 million after buying 27,400 additional shares. Institutional ownership remains high, with hedge funds and other investors owning 80.24% of the stock.
• Uber’s recent business results were solid, with first-quarter gross bookings up 25% year over year and earnings of $0.72 per share, topping analyst estimates. The company also issued Q2 guidance of $0.78 to $0.82 EPS, signaling continued momentum.
• Analyst sentiment stays broadly positive despite some caution, with the consensus rating at Moderate Buy and an average price target of $105.11. However, concerns about autonomous vehicles and robotaxis remain a long-term risk to Uber’s business model.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,700 shares of the ride-sharing company's stock after acquiring an additional 27,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Uber Technologies were worth $19,504,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UBER. Measured Wealth Private Client Group LLC purchased a new position in shares of Uber Technologies in the third quarter valued at $25,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies during the third quarter valued at $32,000. Ares Financial Consulting LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Uber Technologies during the third quarter valued at $34,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 116.7% during the third quarter. Financial Network Wealth Advisors LLC now owns 455 shares of the ride-sharing company's stock valued at $45,000 after acquiring an additional 245 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber’s first-quarter results showed strong momentum, with gross bookings rising 25% year over year and guidance coming in above expectations, which supports the view that the business is still growing faster than many investors expected. Prediction: This Will Be Uber’s Stock Price by The End of 2026
• Positive Sentiment: Several reports highlighted Uber’s progress toward becoming an “everything app,” including stronger trips and revenue trends, which could expand the company’s addressable market and improve long-term investor sentiment. Can Uber Make an “Everything” App?
• Positive Sentiment: Uber is also getting credit from bullish AI-related commentary, including a note that billionaire David Tepper sees it as a top AI stock, alongside a pilot that uses drivers’ cars as a data source for autonomy development. That could help keep the stock’s autonomy narrative alive. This is why Uber Technologies, Inc. (UBER) is a Top AI Stock, according to Billionaire David Tepper
• Neutral Sentiment: Uber said its CFO will participate in a Bernstein fireside chat later this month. The event is routine, but investors may watch for commentary on margins, autonomy, and demand trends. Uber CFO to Participate in Fireside Chat Hosted by Bernstein
• Neutral Sentiment: Uber is also expanding internationally, including a plan to set up its first India data center with Adani. The move signals investment in infrastructure, but its near-term stock impact is unclear. Uber to set up first India data centre with Adani
• Negative Sentiment: Concerns around autonomous vehicles remain a headwind, with commentary suggesting robotaxis could pressure Uber’s long-term business model. That risk may be one reason some investors still view the stock cautiously despite the recent growth. Is Uber Stock a Generational Buying Opportunity?

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the company's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were bought 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 represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. BTIG Research reaffirmed a "buy" rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 17th. Citizens Jmp reiterated a "market outperform" rating and set a $100.00 target price on shares of Uber Technologies in a report on Tuesday, April 28th. KeyCorp dropped their price objective on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. Guggenheim reiterated a "buy" rating and issued a $125.00 price target on shares of Uber Technologies in a report on Monday, April 27th. Finally, Morgan Stanley dropped their price target on shares of Uber Technologies from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.11.

Uber Technologies Trading Down 2.1%

Shares of NYSE UBER opened at $74.77 on Thursday. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99. The company has a market cap of $152.20 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 5.89 and a beta of 1.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $74.25 and a 200-day simple moving average of $80.31.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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 analyst estimates of $13.28 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Uber Technologies's quarterly 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. Sell-side analysts predict that Uber Technologies, Inc. will post 3.25 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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