Uber Technologies, Inc. $UBER Shares Sold by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd reduced its Uber stake by 19.4% in the first quarter, selling 98,053 shares and leaving it with 407,325 shares valued at about $28.5 million.
• Uber remains heavily held by institutions, with about 80.24% of shares owned by institutional investors and hedge funds.
• Analysts are mixed but generally constructive: the stock carries a Moderate Buy consensus, even as some firms trimmed price targets while Uber trades around $72.55, near its 52-week low.

Mediolanum International Funds Ltd cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 407,325 shares of the ride-sharing company's stock after selling 98,053 shares during the period. Mediolanum International Funds Ltd's holdings in Uber Technologies were worth $28,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Spartan Wealth Advisory Services LLC purchased a new position in Uber Technologies in the 1st quarter valued at approximately $946,000. ANB Bank boosted its position in Uber Technologies by 23.0% during the first quarter. ANB Bank now owns 7,423 shares of the ride-sharing company's stock worth $534,000 after purchasing an additional 1,388 shares in the last quarter. Crescent Grove Advisors LLC boosted its position in Uber Technologies by 32.3% during the first quarter. Crescent Grove Advisors LLC now owns 3,764 shares of the ride-sharing company's stock worth $271,000 after purchasing an additional 918 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in Uber Technologies by 0.6% in the first quarter. Aviance Capital Partners LLC now owns 55,486 shares of the ride-sharing company's stock valued at $3,991,000 after purchasing an additional 335 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Uber Technologies by 38.7% in the first quarter. California Public Employees Retirement System now owns 5,620,059 shares of the ride-sharing company's stock valued at $404,251,000 after purchasing an additional 1,568,224 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UBER shares. KeyCorp cut their price target on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. BNP Paribas Exane cut shares of Uber Technologies to an "underweight" rating in a research note on Monday, May 11th. Fox Advisors upgraded shares of Uber Technologies from a "hold" rating to an "outperform" rating in a report on Monday, May 11th. Needham & Company LLC restated a "buy" rating and set a $109.00 target price on shares of Uber Technologies in a report on Thursday, May 7th. Finally, Wells Fargo & Company cut their target price on shares of Uber Technologies from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.65.

Uber Technologies Stock Performance

Uber Technologies stock opened at $72.55 on Friday. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The company has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 6.12 and a beta of 1.12. The stock has a fifty day moving average of $72.72 and a two-hundred day moving average of $75.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 3 EPS for the current fiscal year.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber's Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies' Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

About Uber Technologies

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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