Uber Technologies, Inc. $UBER Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,242,389 shares of the ride-sharing company’s stock after acquiring an additional 155,770 shares during the quarter. Uber Technologies accounts for about 2.4% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 18th largest position. Montrusco Bolton Investments Inc.’s holdings in Uber Technologies were worth $156,238,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter worth about $2,515,094,000. Marshall Wace LLP raised its stake in shares of Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Uber Technologies by 129.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board acquired a new position in Uber Technologies in the fourth quarter worth about $265,205,000. Finally, Capital Research Global Investors grew its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.39 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $73.09 and a two-hundred day moving average of $75.64. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The company has a market cap of $151.42 billion, a P/E ratio of 18.55, a PEG ratio of 6.32 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced 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 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 business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada initiated coverage on Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating on the stock. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Finally, Raymond James Financial upgraded Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.54.

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.