Uber Technologies, Inc. $UBER Shares Sold by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. cut its Uber stake by 21.4% in the first quarter, selling 260,871 shares and leaving it with 959,035 shares valued at about $69.5 million.
• Despite that sale, Uber continues to have strong institutional support, with 80.24% of shares owned by institutions and hedge funds.
• Recent sentiment around Uber is mostly positive: BTIG raised its price target to $100 and maintained a buy rating, while the company also avoided a potentially costly California ballot fight that had been a legal overhang.

ABN AMRO Bank N.V. reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 959,035 shares of the ride-sharing company's stock after selling 260,871 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Uber Technologies were worth $69,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies during the third quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new stake in Uber Technologies during the fourth quarter worth $27,000. Finally, Ares Financial Consulting LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

More Uber Technologies News

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
• Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
• Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
• Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber's Robotaxi Vision Could Take Years To Play Out: Analyst
• Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
• Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
• Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber's robotaxi vision could take years to play out: Analyst

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UBER. Tigress Financial raised their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. Weiss Ratings cut shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, June 12th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a research note on Friday, May 29th. Finally, Truist Financial upped their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $104.97.

Uber Technologies Price Performance

Uber Technologies stock opened at $76.09 on Friday. The firm has a market cap of $154.90 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.48 and a beta of 1.12. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. 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 company's 50 day moving average is $73.40 and its two-hundred day moving average is $76.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company's 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. On average, research analysts expect that Uber Technologies, Inc. will post 2.95 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.