Uber Technologies, Inc. $UBER Shares Sold by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,217 shares of the ride-sharing company’s stock after selling 9,090 shares during the period. Uber Technologies comprises 1.2% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 28th biggest holding. Platinum Investment Management Ltd.’s holdings in Uber Technologies were worth $5,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. Capital Research Global Investors grew its holdings in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares in the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $2,515,094,000. Finally, Northern Trust Corp boosted 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 buying an additional 297,132 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies News Roundup

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

• Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
• Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
• Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
• Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
• Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. This represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group cut shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. DA Davidson restated a “buy” rating and issued a $107.00 target price on shares of Uber Technologies in a report on Tuesday, May 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Weiss Ratings upgraded shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Finally, Guggenheim restated a “buy” rating on shares of Uber Technologies in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.97.

Uber Technologies Stock Down 1.3%

UBER stock opened at $68.67 on Friday. The company has a fifty day moving average price of $73.41 and a 200 day moving average price of $77.16. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The company has a market cap of $139.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 5.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.

Uber Technologies (NYSE:UBER) last released its quarterly 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. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. Uber Technologies’s revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.95 earnings per share 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.