Uber Technologies, Inc. $UBER Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 794,550 shares of the ride-sharing company's stock after selling 344,402 shares during the quarter. Employees Retirement System of Texas' holdings in Uber Technologies were worth $64,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Advisors Capital Management LLC grew its position in Uber Technologies by 1.8% in the 3rd quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company's stock worth $627,000 after purchasing an additional 111 shares during the period. Stelac Advisory Services LLC grew its position in Uber Technologies by 10.4% in the 3rd quarter. Stelac Advisory Services LLC now owns 1,238 shares of the ride-sharing company's stock worth $121,000 after purchasing an additional 117 shares during the period. Archer Investment Corp grew its position in Uber Technologies by 33.2% in the 3rd quarter. Archer Investment Corp now owns 473 shares of the ride-sharing company's stock worth $46,000 after purchasing an additional 118 shares during the period. Smithfield Trust Co grew its position in Uber Technologies by 8.3% in the 3rd quarter. Smithfield Trust Co now owns 1,532 shares of the ride-sharing company's stock worth $151,000 after purchasing an additional 118 shares during the period. Finally, Oxinas Partners Wealth Management LLC grew its position in Uber Technologies by 1.3% in the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 9,423 shares of the ride-sharing company's stock worth $923,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 2.2%

Shares of Uber Technologies stock opened at $70.25 on Wednesday. The company's fifty day simple moving average is $74.06 and its 200-day simple moving average is $78.89. The stock has a market capitalization of $143.00 billion, a PE ratio of 17.52, a P/E/G ratio of 6.11 and a beta of 1.16. Uber Technologies, Inc. has a 1-year low of $68.46 and a 1-year 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.

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, beating analysts' consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to analysts' expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on UBER. Royal Bank Of Canada began coverage on shares of Uber Technologies in a research report on Monday, May 11th. They issued an "outperform" rating for the company. Cantor Fitzgerald dropped their price target on shares of Uber Technologies from $99.00 to $92.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. Truist Financial lifted their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Mizuho dropped their price target on shares of Uber Technologies from $130.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, February 5th. Finally, UBS Group cut shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $104.97.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber announced an industry-first partnership with Mews that embeds ride booking, real-time tracking, and billing directly into hotel software, a potentially useful revenue-expanding integration for travel demand. Article: In an industry-first collaboration, Mews and Uber bring ride booking inside the hotel operating system
• Positive Sentiment: Several Wall Street notes remained bullish on Uber, including DA Davidson reaffirming a buy rating with a $107 price target, suggesting analysts still see meaningful upside from current levels. Article: Uber's $10 Billion Robotaxi Bet Is Turning Lucid Into A Dilution Machine
• Positive Sentiment: UBER has also been linked to a major Delivery Hero takeover effort, which could strengthen its global food-delivery footprint and help defend against competition in a consolidating market. Article: Delivery Hero shares hit 18-month high following Uber bid news
• Neutral Sentiment: Media coverage also highlighted Gen Z workers signing up for gig apps like Uber ahead of summer jobs, which is supportive for driver supply but not a major market-moving catalyst. Article: Gen Z is turning to gig apps like Uber and GoPuff for summer jobs
• Negative Sentiment: Uber’s COO said the company has already burned through its 2026 AI budget in four months and questioned whether the rising AI spend is worth it, raising concerns about margin pressure and return on investment. Article: Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it’s worth it
• Negative Sentiment: Consumer Watchdog accused Uber of misrepresenting its insurance structure to California lawmakers, reviving regulatory and legal risk around how the company funds uninsured motorist coverage. Article: Uber Misrepresented Its Insurance Structure To Legislature To Get Reduced Uninsured Motorist Coverage
• Negative Sentiment: Investors also appear wary of the possible Delivery Hero acquisition price, with reports that Uber may need to raise its offer after a rejected bid, which could increase spending and complicate capital allocation. Article: Uber Weighs Bigger Delivery Hero Bid

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.81% of the company's stock.

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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