South Dakota Investment Council Increases Stock Position in Uber Technologies, Inc. $UBER

South Dakota Investment Council increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 189.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,376 shares of the ride-sharing company’s stock after purchasing an additional 23,800 shares during the period. South Dakota Investment Council’s holdings in Uber Technologies were worth $2,617,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Uber Technologies by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after purchasing an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $1,220,000. Weiss Asset Management LP boosted its holdings in Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after purchasing an additional 51,465 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Uber Technologies by 17.6% in the fourth quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after purchasing an additional 82,851 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research note on Monday, June 1st. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a report on Tuesday, July 14th. Macquarie Infrastructure upgraded shares of Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. Finally, Piper Sandler upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.60.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Expansion of Uber Eats grocery delivery: Uber added regional chains including Busch’s Fresh Food Market, Hays, Lowe’s Market and Piggly Wiggly. The broader grocery network could increase order frequency, strengthen local-market density and diversify Uber’s delivery business. Uber Eats adds five regional US grocery chains
• Positive Sentiment: Analysts remain constructive: Brokerages assign Uber a consensus “Moderate Buy” rating, and some commentary argues that the stock looks inexpensive relative to its earnings potential. This may provide support following its recent underperformance, although investors are waiting for evidence of sustained earnings growth. Uber consensus Moderate Buy rating
• Positive Sentiment: Autonomous-vehicle strategy offers long-term upside: Uber agreed to invest up to $1.2 billion in Rivian and purchase as many as 50,000 R2 vehicles, potentially expanding its future robotaxi network and giving the company exposure to autonomous transportation growth. Uber investment in Rivian
• Neutral Sentiment: Upcoming earnings are in focus: Analysts expect earnings growth, but Zacks said Uber lacks the usual indicators supporting a likely earnings beat. Investors may remain cautious ahead of the upcoming report, particularly given the company’s prior quarter revenue missed estimates despite an EPS beat. Uber earnings expectations
• Negative Sentiment: Competitive pressure in delivery is increasing: DoorDash’s FAA Part 135 certification could enable commercial drone delivery, potentially reducing labor costs and improving delivery margins. If successfully scaled, the technology could widen DoorDash’s competitive advantage in local fulfillment. DoorDash drone certification
• Negative Sentiment: Restructuring and macro risks weigh on sentiment: Uber reportedly cut dozens of jobs as part of an AI restructuring, while elevated core inflation and slower-than-expected GDP growth raise concerns about consumer spending and operating costs. The Rivian commitment also represents substantial capital spending before autonomous-vehicle returns are realized. Uber AI restructuring

Uber Technologies Stock Down 1.2%

Uber Technologies stock opened at $70.37 on Friday. The company’s 50-day moving average price is $71.83 and its two-hundred day moving average price is $74.22. 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 stock has a market cap of $143.25 billion, a P/E ratio of 17.55, a P/E/G ratio of 6.61 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 2.94 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.