William Blair Investment Management LLC Sells 2,590,339 Shares of Uber Technologies, Inc. $UBER

Key Points

• William Blair Investment Management cut its Uber stake by 97.9% in the fourth quarter, selling 2.59 million shares and leaving it with 54,535 shares worth about $4.46 million.
• Other institutional investors were mixed on Uber, with some adding to positions, and overall 80.24% of the stock is now held by hedge funds and other institutions.
• Analysts remain broadly positive on Uber, with a consensus rating of Moderate Buy and an average price target of $104.97, even as some firms trimmed their targets recently.

William Blair Investment Management LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 97.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,535 shares of the ride-sharing company's stock after selling 2,590,339 shares during the quarter. William Blair Investment Management LLC's holdings in Uber Technologies were worth $4,456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UBER. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after buying an additional 641 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Uber Technologies during the 1st quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at about $842,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UBER. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a research report on Monday, May 11th. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Mizuho reduced their price objective on shares of Uber Technologies from $130.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley reduced their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.97.

Uber Technologies News Summary

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

• Positive Sentiment: Uber deepened its partnership with hotel software platform Mews, which will let hotels request, track, and bill Uber rides directly inside the operating system. That could expand Uber’s B2B travel and hospitality revenue stream. Article: Hotel Platform Mews Embeds Uber to Transport Guests and Staff
• Positive Sentiment: Analysts remain constructive on Uber, with DA Davidson reaffirming a Buy rating and a $107 price target, reinforcing the view that the stock has upside from current levels. Article: Uber's $10 Billion Robotaxi Bet Is Turning Lucid Into A Dilution Machine
• Neutral Sentiment: Uber is reportedly considering raising its offer for Delivery Hero after an initial bid of about €33 per share was rejected. The deal could support long-term scale in delivery, but it also raises questions about capital allocation and how much Uber may need to pay. Article: Uber Weighs Bigger Delivery Hero Bid
• Neutral Sentiment: Uber’s COO said the company has already burned through its 2026 AI budget in four months, and that it is becoming harder to justify the rising AI spend versus customer-facing benefits. That could prompt investor scrutiny of margins and spending discipline. Article: Uber COO Andrew Macdonald says AI spending hard to justify
• Negative Sentiment: Uber is facing reputational risk after reports that customers were charged for Uber One memberships they say they never signed up for, which could lead to complaints, refunds, or regulatory attention. Article: Upset Uber customers charged for monthly memberships they say they never signed up for
• Negative Sentiment: Labor pressure is also building after Uber and Lyft drivers in Massachusetts formed the first officially recognized U.S. ride-share union, a development that could increase worker bargaining power and future operating costs. Article: Uber, Lyft drivers in Massachusetts form first US ride-share union

Insider Activity at Uber Technologies

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

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $70.25 on Wednesday. The firm has a market cap of $143.00 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16. The firm's 50 day simple moving average is $74.06 and its 200-day simple moving average is $78.89. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. 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 earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Uber Technologies 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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