Clare Market Investments LLC Makes New Investment in Uber Technologies, Inc. $UBER

Clare Market Investments LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, Holdings Channel.com reports. The firm acquired 80,385 shares of the ride-sharing company’s stock, valued at approximately $5,782,000. Uber Technologies makes up approximately 1.2% of Clare Market Investments LLC’s portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in 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 worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors raised its position in shares of Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp grew its stake in 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 worth $1,911,301,000 after buying an additional 297,132 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Key Uber Technologies News

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

• Positive Sentiment: Uber is getting a more bullish long-term view from investors who see the company as a beneficiary of the robotaxi rollout, since it can partner with autonomous vehicle makers instead of spending heavily on its own self-driving R&D. Uber: The Robotaxi Revolution Makes Me More Bullish
• Positive Sentiment: Wells Fargo kept an overweight rating on Uber while raising its price target to $100, reinforcing expectations for upside from current levels. Uber price target update
• Neutral Sentiment: Uber was added to several Russell value benchmarks, including the Russell 1000 Value, which could affect index-fund ownership and trading flows, but the move is mainly a classification change rather than a direct business catalyst. Uber Could Be 13% Undervalued On Russell Value Index Reshuffle
• Neutral Sentiment: Uber CEO Dara Khosrowshahi stepped down from Grab’s board, which appears to be more of a governance/board-change story than a direct operating issue for Uber. Uber CEO Dara Khosrowshahi Departs Grab Holdings Board of Directors
• Negative Sentiment: Uber paused most planned Uber Eats expansion in Europe and is shifting focus toward a possible Delivery Hero acquisition, raising questions about execution, capital allocation, and European regulatory risk. Uber Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Recent reports that Uber’s insurance charges varied by ride, even on the same route and driver, may keep attention on pricing consistency and operational transparency. Uber’s Insurance Charges Varied By Ride Despite The Same Route And Driver, Study Finds

Uber Technologies Stock Up 1.8%

NYSE:UBER opened at $73.70 on Tuesday. 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 firm’s 50-day moving average price is $73.05 and its 200-day moving average price is $75.54. The company has a market capitalization of $150.03 billion, a PE ratio of 18.39, a P/E/G ratio of 6.32 and a beta of 1.12. Uber Technologies, Inc. has a 1-year low of $67.19 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period last year, the company posted $0.83 EPS. Uber Technologies’s 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. On average, equities analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Friday, June 26th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a report on Monday, June 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research note on Monday, June 1st. Piper Sandler raised their target price on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $104.49.

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.