GC Wealth Management RIA LLC Buys 18,855 Shares of Uber Technologies, Inc. $UBER

GC Wealth Management RIA LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 25.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,519 shares of the ride-sharing company’s stock after acquiring an additional 18,855 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Uber Technologies were worth $6,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in Uber Technologies by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 821,423 shares of the ride-sharing company’s stock worth $59,085,000 after purchasing an additional 6,278 shares during the last quarter. Compound Planning Inc. boosted its position in Uber Technologies by 11.7% in the 1st quarter. Compound Planning Inc. now owns 46,361 shares of the ride-sharing company’s stock valued at $3,335,000 after buying an additional 4,867 shares during the last quarter. Klingman & Associates LLC boosted its position in Uber Technologies by 9.1% in the 1st quarter. Klingman & Associates LLC now owns 4,949 shares of the ride-sharing company’s stock valued at $356,000 after buying an additional 411 shares during the last quarter. Liberty One Investment Management LLC increased its stake in shares of Uber Technologies by 50.4% in the 1st quarter. Liberty One Investment Management LLC now owns 12,123 shares of the ride-sharing company’s stock valued at $872,000 after buying an additional 4,060 shares during the period. Finally, Orvieto Partners L.P. increased its stake in shares of Uber Technologies by 200.0% in the 1st quarter. Orvieto Partners L.P. now owns 15,000 shares of the ride-sharing company’s stock valued at $1,079,000 after buying an additional 10,000 shares during the period. 80.24% of the stock is owned by institutional investors.

Key Uber Technologies News

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

• Positive Sentiment: Uber won a court injunction blocking a New York City law that would have restricted how quickly it can deactivate drivers, preserving flexibility in a key market and reducing regulatory risk. Uber Wins Court Injunction Over New York Driver Deactivation Law
• Positive Sentiment: Bill Ackman said Tesla robotaxi fears may be creating a “very cheap” buying opportunity in Uber, which could support investor sentiment around Uber’s long-term valuation. Bill Ackman Says Tesla Robotaxi Fears Are Creating a Very Cheap Buying Opportunity for UBER
• Neutral Sentiment: Uber reportedly invested in former co-founder Travis Kalanick’s $1.7 billion Atoms funding round, a notable AI/robotics development but not a direct near-term operating catalyst for Uber. Travis Kalanick’s Atoms Secures Funding
• Negative Sentiment: Uber cut 10% of customer service jobs and asked some remote employees to return to the office, reinforcing concerns about restructuring disruption even as it touts AI efficiency gains. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Multiple reports highlight that Uber is trimming staff for the second time in two months, which can signal slowing internal growth or pressure to control costs. Uber Cuts 10% of Customer Service Jobs to ‘Embrace’ AI

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UBER. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday, June 29th. UBS Group lowered Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.65.

Uber Technologies Stock Down 1.9%

NYSE:UBER opened at $68.97 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. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99. The stock’s fifty day simple moving average is $72.35 and its 200-day simple moving average is $74.78. The firm has a market capitalization of $140.39 billion, a P/E ratio of 17.20, a P/E/G ratio of 5.91 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last released its earnings results 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 firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.98 earnings per share for the current 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.