Hilltop Holdings Inc. reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 64.6% during the 1st quarter, HoldingsChannel reports. The firm owned 8,525 shares of the ride-sharing company’s stock after selling 15,557 shares during the period. Hilltop Holdings Inc.’s holdings in Uber Technologies were worth $613,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after acquiring an additional 29,587 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies in the 4th quarter worth $1,220,000. Teacher Retirement System of Texas raised its position in shares of Uber Technologies by 17.6% in the 4th quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock worth $45,280,000 after acquiring an additional 82,851 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter worth $17,336,000. 80.24% of the stock is owned by institutional investors.
Uber Technologies Stock Up 0.1%
Uber Technologies stock opened at $66.00 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $134.36 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 5.54 and a beta of 1.12. Uber Technologies, Inc. has a 1-year low of $65.56 and a 1-year high of $101.99. The business has a fifty day moving average price of $72.16 and a 200-day moving average price of $74.67.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, May 7th. Truist Financial boosted their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wells Fargo & Company decreased their price target 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. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, July 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.65.
Read Our Latest Stock Report on UBER
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
- Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
- Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
- Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
- Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
- Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski… lands a role in Travis Kalanick’s $1.7B robotics venture
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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