Meitav Investment House Ltd. Has $70.04 Million Stock Position in Uber Technologies, Inc. $UBER

Meitav Investment House Ltd. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 33.1% in the first quarter, HoldingsChannel reports. The fund owned 973,832 shares of the ride-sharing company’s stock after buying an additional 242,386 shares during the period. Meitav Investment House Ltd.’s holdings in Uber Technologies were worth $70,041,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Osbon Capital Management LLC acquired a new stake in Uber Technologies in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Wells Fargo kept an overweight rating on Uber and raised its price target to $100, signaling continued upside potential for the stock. Uber Technologies (NYSE:UBER) Given New $100.00 Price Target at Wells Fargo & Company
• Positive Sentiment: Investor optimism is rising around Uber’s role in the robotaxi market, with bullish commentary noting the company can benefit from autonomous driving without bearing the heavy R&D costs of building the technology itself. Uber: The Robotaxi Revolution Makes Me More Bullish
• Positive Sentiment: Uber’s partnership with Stellantis and Wayve to explore Level 4 autonomous robotaxis reinforces its long-term growth narrative in autonomy and platform expansion. Stellantis (STLA) Makes a Bold Autonomous Driving Move With Uber and Wayve
• Positive Sentiment: Uber was added to several Russell value indexes, which could increase demand from value-oriented index funds and support trading flows into the shares. Uber Technologies (UBER) Could Be 13% Undervalued On Russell Value Index Reshuffle
• Neutral Sentiment: Uber paused most of its planned Uber Eats expansion in Europe while it evaluates a possible Delivery Hero acquisition, a move that may improve capital discipline but also raises execution and regulatory questions. How Investors Are Reacting To Uber Technologies (UBER) Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Neutral Sentiment: Uber CEO Dara Khosrowshahi stepped down from Grab’s board, a governance-related headline that appears more relevant to Grab than to Uber’s core fundamentals. Uber CEO Dara Khosrowshahi Departs Grab Holdings Board of Directors
• Negative Sentiment: Recent coverage highlighted concerns about Uber’s insurance charges varying by ride even on similar routes, which could invite scrutiny over pricing transparency and operating costs. Uber’s insurance charges varied by ride despite the same route and driver, study finds

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. Piper Sandler raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.49.

Uber Technologies Price Performance

Shares of UBER traded up $1.16 during midday trading on Tuesday, hitting $73.58. The company’s stock had a trading volume of 4,660,084 shares, compared to its average volume of 19,675,633. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The stock has a market capitalization of $149.78 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The company’s fifty day simple moving average is $73.05 and its two-hundred day simple moving average is $75.54.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.83 earnings per share. Uber Technologies’s revenue was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

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.