Uber Technologies (NYSE:UBER) Shares Down 1.6% - Time to Sell?

Key Points

• Uber shares fell 1.6% on Friday, trading as low as $74.40, even though the stock has strong institutional ownership and remains near analyst attention levels.
• Uber’s latest quarter showed solid operational growth, with gross bookings up 25% year over year to $53.7 billion and EPS of $0.72, beating estimates, while revenue came in slightly below expectations at $13.20 billion.
• The company is leaning into long-term growth themes like Uber One membership, retail delivery expansion, and autonomous vehicles, but investors remain cautious about robotaxi competition and how AVs could affect future growth.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price traded down 1.6% on Friday . The company traded as low as $74.40 and last traded at $75.4990. 16,173,816 shares were traded during mid-day trading, a decline of 15% from the average session volume of 19,036,643 shares. The stock had previously closed at $76.73.

Uber Technologies News Summary

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

• Positive Sentiment: Uber’s Q1 report showed strong demand, with gross bookings rising 25% year over year to $53.7 billion and the company issuing a June-quarter bookings outlook above Wall Street estimates, reinforcing confidence in its core rideshare and delivery businesses.
• Positive Sentiment: Uber One surpassed 50 million members, and those subscribers now drive a large share of bookings, signaling stronger loyalty, better retention, and a more durable recurring revenue base.
• Positive Sentiment: Uber Eats expanded its retail push by adding more than 1,500 Ulta Beauty stores for on-demand delivery, which could broaden order volume and improve the company’s delivery economics.
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after the earnings release, suggesting the market sees room for further upside if execution stays strong.
• Neutral Sentiment: Uber continues to emphasize autonomous vehicles as a long-term opportunity, with management saying Waymo has not materially hurt the business and that Uber plans to partner with multiple AV companies rather than build the technology itself.
• Neutral Sentiment: Uber-backed Lime filed for an IPO, which highlights the company’s broader mobility ecosystem and strategic investments, but it is not a direct operating catalyst for Uber shares.
• Negative Sentiment: Some articles noted that revenue came in slightly below expectations and that the stock has faced pressure from robotaxi competition and broader concerns about how quickly autonomous vehicles could affect future growth.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UBER shares. The Goldman Sachs Group set a $115.00 price target on shares of Uber Technologies in a research note on Thursday. Stifel Nicolaus lowered their price target on shares of Uber Technologies from $122.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, January 27th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Thursday, February 5th. Wedbush reduced their target price on Uber Technologies from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.40.

Uber Technologies Price Performance

The business has a 50 day simple moving average of $74.17 and a 200-day simple moving average of $80.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.07. The stock has a market cap of $154.24 billion, a P/E ratio of 18.83, a P/E/G ratio of 7.29 and a beta of 1.16.

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, topping analysts' consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analysts' expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 3.32 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently made changes to their positions in the business. Sage Rhino Capital LLC increased its stake in shares of Uber Technologies by 4.2% in the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company's stock valued at $268,000 after purchasing an additional 110 shares in the last quarter. Quent Capital LLC raised its position in Uber Technologies by 3.3% in the 3rd quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company's stock valued at $343,000 after purchasing an additional 111 shares in the last quarter. Advisors Capital Management LLC increased its holdings in Uber Technologies by 1.8% in the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company's stock valued at $627,000 after buying an additional 111 shares during the last quarter. Emergent Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 0.7% in the 3rd quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company's stock valued at $1,701,000 after buying an additional 114 shares in the last quarter. Finally, Realta Investment Advisors raised its holdings in shares of Uber Technologies by 2.9% in the third quarter. Realta Investment Advisors now owns 4,018 shares of the ride-sharing company's stock valued at $394,000 after buying an additional 115 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.