Uber Technologies, Inc. $UBER Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 29.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 600,729 shares of the ride-sharing company’s stock after buying an additional 137,671 shares during the quarter. Assetmark Inc.’s holdings in Uber Technologies were worth $43,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new stake in Uber Technologies during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the third quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UBER shares. Tigress Financial increased their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. KeyCorp dropped their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research report on Monday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Finally, Guggenheim reiterated a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.65.

Key Uber Technologies News

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Uber Technologies Stock Performance

Shares of UBER opened at $72.55 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 stock has a market cap of $147.69 billion, a P/E ratio of 18.09, a PEG ratio of 6.26 and a beta of 1.12. The company has a 50-day moving average of $72.72 and a two-hundred day moving average of $75.14. Uber Technologies, Inc. has a 12-month low of $67.19 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping 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 business 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. The company’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. As a group, research analysts predict that Uber Technologies, Inc. will post 2.97 EPS for the current fiscal 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.