Employees Retirement System of Texas Sells 344,402 Shares of Uber Technologies, Inc. $UBER

Employees Retirement System of Texas reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 30.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 794,550 shares of the ride-sharing company’s stock after selling 344,402 shares during the quarter. Employees Retirement System of Texas’ holdings in Uber Technologies were worth $64,923,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Advisors Capital Management LLC raised its position in shares of Uber Technologies by 1.8% during the 3rd quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock valued at $627,000 after buying an additional 111 shares in the last quarter. Stelac Advisory Services LLC grew its holdings in Uber Technologies by 10.4% during the 3rd quarter. Stelac Advisory Services LLC now owns 1,238 shares of the ride-sharing company’s stock valued at $121,000 after purchasing an additional 117 shares during the last quarter. Archer Investment Corp grew its holdings in Uber Technologies by 33.2% during the 3rd quarter. Archer Investment Corp now owns 473 shares of the ride-sharing company’s stock valued at $46,000 after purchasing an additional 118 shares during the last quarter. Smithfield Trust Co grew its holdings in Uber Technologies by 8.3% during the 3rd quarter. Smithfield Trust Co now owns 1,532 shares of the ride-sharing company’s stock valued at $151,000 after purchasing an additional 118 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC grew its holdings in Uber Technologies by 1.3% during the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 9,423 shares of the ride-sharing company’s stock valued at $923,000 after purchasing an additional 122 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER stock opened at $70.25 on Wednesday. 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 company has a market capitalization of $143.00 billion, a P/E ratio of 17.52, a P/E/G ratio of 6.11 and a beta of 1.16. The company’s 50-day simple moving average is $74.06 and its two-hundred day simple moving average is $78.89. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS 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 the consensus estimate of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. 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, equities analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Thursday, February 5th. Finally, Mizuho cut their price target on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.97.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber announced an industry-first partnership with Mews that embeds ride booking, real-time tracking, and billing directly into hotel software, a potentially useful revenue-expanding integration for travel demand. Article: In an industry-first collaboration, Mews and Uber bring ride booking inside the hotel operating system
• Positive Sentiment: Several Wall Street notes remained bullish on Uber, including DA Davidson reaffirming a buy rating with a $107 price target, suggesting analysts still see meaningful upside from current levels. Article: Uber’s $10 Billion Robotaxi Bet Is Turning Lucid Into A Dilution Machine
• Positive Sentiment: UBER has also been linked to a major Delivery Hero takeover effort, which could strengthen its global food-delivery footprint and help defend against competition in a consolidating market. Article: Delivery Hero shares hit 18-month high following Uber bid news
• Neutral Sentiment: Media coverage also highlighted Gen Z workers signing up for gig apps like Uber ahead of summer jobs, which is supportive for driver supply but not a major market-moving catalyst. Article: Gen Z is turning to gig apps like Uber and GoPuff for summer jobs
• Negative Sentiment: Uber’s COO said the company has already burned through its 2026 AI budget in four months and questioned whether the rising AI spend is worth it, raising concerns about margin pressure and return on investment. Article: Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it’s worth it
• Negative Sentiment: Consumer Watchdog accused Uber of misrepresenting its insurance structure to California lawmakers, reviving regulatory and legal risk around how the company funds uninsured motorist coverage. Article: Uber Misrepresented Its Insurance Structure To Legislature To Get Reduced Uninsured Motorist Coverage
• Negative Sentiment: Investors also appear wary of the possible Delivery Hero acquisition price, with reports that Uber may need to raise its offer after a rejected bid, which could increase spending and complicate capital allocation. Article: Uber Weighs Bigger Delivery Hero Bid

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.81% of the stock is owned by corporate insiders.

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.