Private Advisor Group LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Private Advisor Group LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.4% during the 1st quarter, HoldingsChannel reports. The firm owned 345,385 shares of the ride-sharing company’s stock after purchasing an additional 63,156 shares during the quarter. Private Advisor Group LLC’s holdings in Uber Technologies were worth $24,844,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBER shares. Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Guggenheim restated a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research report on Monday, June 1st. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Truist Financial boosted their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.54.

Uber Technologies Price Performance

NYSE:UBER opened at $74.39 on Friday. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The stock’s fifty day moving average is $73.09 and its two-hundred day moving average is $75.64. The company has a market capitalization of $151.42 billion, a P/E ratio of 18.55, a P/E/G ratio of 6.32 and a beta of 1.12. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during 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 company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current year.

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.