Cookson Peirce & Co. Inc. Reduces Stake in Uber Technologies, Inc. $UBER

Cookson Peirce & Co. Inc. lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 331,661 shares of the ride-sharing company’s stock after selling 15,611 shares during the quarter. Uber Technologies accounts for approximately 1.1% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 24th largest holding. Cookson Peirce & Co. Inc.’s holdings in Uber Technologies were worth $27,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Northern Trust Corp raised its holdings in shares of Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Uber Technologies by 1.1% in the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock valued at $1,667,121,000 after acquiring an additional 182,976 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies News Summary

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

• Positive Sentiment: Uber CEO Dara Khosrowshahi said AI tools have boosted employee productivity enough that the company is slowing hiring, which could support margins if the efficiency gains hold. The company also said it is capping AI spending after blowing through its annual budget in just one quarter, signaling tighter cost control. Article: Uber CEO Dara Khosrowshahi Says Company ‘Blew’ Through Its Annual AI Budget In A Single Quarter, Reports Increased Human Productivity
• Positive Sentiment: Uber is expanding its robotaxi ambitions with a large investment in Nuro, tied to plans for a major autonomous vehicle rollout using Lucid vehicles, which could strengthen its long-term growth story. Article: Uber commits nearly $500 million to Nuro robotaxi startup
• Neutral Sentiment: The company also announced a new grant round through its Health Access Fund with LISC to help low-income patients access transportation, which supports Uber’s brand and community relationships but is unlikely to move the stock on its own. Article: Uber and LISC open new grant application through Health Access Fund to bridge transportation gaps for low-income patients
• Neutral Sentiment: Several reports focused on whether Uber is a buy after recent weakness, reflecting ongoing investor debate rather than a clear new catalyst. Article: Is Trending Stock Uber Technologies, Inc. (UBER) a Buy Now?
• Negative Sentiment: Investors remain worried that robotaxis could disrupt Uber’s ride-hailing business, and reports said the company is recruiting fewer drivers in some self-driving markets and is making a bigger bet on autonomous vehicles to adapt. That shift adds uncertainty around Uber’s future moat and driver supply. Article: Uber is making a much bigger bet on robotaxis
• Negative Sentiment: Uber also cut 23% of roles in its People and Places division, a sign of restructuring that may help efficiency but can also reflect pressure to trim costs amid a more cautious outlook. Article: Uber Reshapes HR Team As Stock Trades Below Valuation Estimates

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $70.84 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $144.21 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 6.01 and a beta of 1.12. The business’s 50-day moving average price is $73.53 and its 200-day moving average price is $77.80. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the company earned $0.83 EPS. Uber Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction 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 trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. US Capital Advisors set a $95.00 price target on Uber Technologies in a report on Monday, May 11th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. HSBC lowered Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. BNP Paribas Exane lowered Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada began coverage on Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $104.68.

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.