Welch & Forbes LLC Sells 30,703 Shares of Uber Technologies, Inc. $UBER

Welch & Forbes LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,048 shares of the ride-sharing company’s stock after selling 30,703 shares during the period. Welch & Forbes LLC’s holdings in Uber Technologies were worth $16,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 buying an additional 1,670,761 shares during the last quarter. Capital Research Global Investors boosted its stake in 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 lifted 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 worth $3,906,083,000 after acquiring an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp boosted its stake 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 purchasing an additional 297,132 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies News Summary

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

• Positive Sentiment: Uber remains a heavily watched stock, with recent analyst coverage and price targets still broadly favorable, reinforcing the view that Wall Street sees room for upside. Article title
• Positive Sentiment: Investor interest is also supported by Uber’s recent operating strength, including revenue growth and earnings that beat expectations in the latest reported quarter. Article title
• Neutral Sentiment: Media coverage comparing Uber with DoorDash adds to the stock’s visibility, but the piece is mostly a valuation and business-model debate rather than a direct new catalyst. Article title
• Negative Sentiment: Uber is facing fresh scrutiny over automation and driver pay, including protests tied to AI-driven pay cuts and concerns that rapid tech adoption could hurt driver earnings and create regulatory or reputational risk. Article title
• Negative Sentiment: Discussion around Uber’s “agentic pods” and broader AI automation strategy highlights the company’s push to reduce costs, but it also reinforces investor worries that more automation could pressure the human-driver model. Article title

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a research report on Friday, May 29th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Finally, Wells Fargo & Company lowered their target price on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $104.18.

Uber Technologies Trading Up 0.3%

UBER traded up $0.21 during midday trading on Friday, reaching $74.56. 9,748,548 shares of the company’s stock traded hands, compared to its average volume of 19,835,724. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. 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 has a fifty day moving average of $72.99 and a two-hundred day moving average of $75.42. The stock has a market capitalization of $151.77 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 6.33 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current fiscal year.

Uber Technologies 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.