Uber Technologies (NYSE:UBER) Shares Down 1.9% – Here’s Why

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 1.9% during trading on Thursday . The company traded as low as $68.35 and last traded at $68.9650. Approximately 23,285,138 shares were traded during trading, an increase of 20% from the average session volume of 19,342,430 shares. The stock had previously closed at $70.33.

More Uber Technologies News

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

• Positive Sentiment: A federal judge blocked a New York City law that would have limited Uber’s ability to deactivate drivers without advance notice, preserving platform management flexibility. Reuters article on NYC law ruling
• Positive Sentiment: Bill Ackman argued Uber shares look “very cheap” amid Tesla robotaxi concerns, reinforcing the bull case that the market may be overestimating autonomous-vehicle competition. Yahoo Finance article on Ackman comments
• Neutral Sentiment: Uber co-founder Travis Kalanick’s new robotics company Atoms raised $1.7 billion, with Uber also listed among the investors, but the news is only indirectly related to Uber’s core business. Bloomberg/Yahoo Finance article on Atoms
• Negative Sentiment: Uber is cutting 10% of its customer service workforce and bringing some remote employees back to the office, underscoring restructuring pressure and ongoing cost concerns. Bloomberg article on Uber layoffs

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $107.00 price objective on shares of Uber Technologies in a research report on Tuesday, May 26th. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Finally, BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.65.

Uber Technologies Stock Down 1.9%

The business’s 50 day moving average price is $72.46 and its 200-day moving average price is $74.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $140.39 billion, a PE ratio of 17.20, a P/E/G ratio of 6.01 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last posted 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 firm had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter last year, the company posted $0.83 EPS. The firm’s quarterly 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, equities research analysts forecast that Uber Technologies, Inc. will post 2.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UBER. Osbon Capital Management LLC acquired a new position in Uber Technologies during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies during the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.