Southpoint Capital Advisors LP Takes $222.98 Million Position in Uber Technologies, Inc. $UBER

Southpoint Capital Advisors LP bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 3,100,000 shares of the ride-sharing company’s stock, valued at approximately $222,983,000. Uber Technologies comprises 4.6% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 7th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the third quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $25,000. Osbon Capital Management LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $25,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies in the third quarter valued at about $32,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 3.4%

Shares of Uber Technologies stock opened at $68.15 on Tuesday. 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 50-day moving average of $72.02 and a 200-day moving average of $74.55. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The stock has a market cap of $138.73 billion, a PE ratio of 17.00, a PEG ratio of 5.54 and a beta of 1.12.

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, 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 for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the firm earned $0.83 earnings per share. Uber Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.98 EPS for the current year.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Unusually heavy put-option activity may signal bullish positioning rather than outright bearishness. The highlighted strike is more than 18% below the current share price, suggesting some traders could be selling puts and expressing confidence that the stock will remain above that level ahead of Uber’s Aug. 5 second-quarter earnings report. Unusual Put Options Activity in UBER Technologies Could Imply Upside in UBER Stock
• Positive Sentiment: Uber is expanding Uber Eats beyond restaurants through a partnership with Foot Locker, Kids Foot Locker and Champs Sports, providing delivery from more than 1,000 U.S. locations. The move supports diversification of bookings and revenue while ride-hailing growth faces increasing autonomous-vehicle uncertainty. Uber Leans Into Deliveries As Waymo Rift Rekindles Questions About Its Autonomy Strategy
• Neutral Sentiment: Uber’s fundamentals remain a potential support: first-quarter revenue rose 14.5% year over year to $13.2 billion, while adjusted EPS exceeded consensus estimates. However, revenue was slightly below expectations, and investors are likely to focus on second-quarter guidance and profitability at the upcoming earnings release.
• Neutral Sentiment: The stock has traded near its 52-week low and below its 50-day and 200-day moving averages after a decline of more than 35% from its recent peak. Analysts remain broadly constructive, with reported price targets substantially above the current level, but the recent weakness reflects elevated execution and industry concerns.
• Negative Sentiment: Waymo is reportedly considering ending or restructuring its robotaxi partnership with Uber and potentially entering major cities independently. A split could reduce Uber’s role in autonomous mobility, weaken its long-term marketplace advantages and raise questions about how the company will participate if robotaxis become more prevalent. Waymo Weighs Ending Uber Robotaxi Partnership
• Negative Sentiment: Investors are also debating whether autonomous fleets operated directly by Waymo, Tesla or Alphabet could pressure Uber’s margins and distribution role over the long term, despite Uber’s asset-light model and global customer network.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UBER shares. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. US Capital Advisors set a $95.00 target price on Uber Technologies in a research report on Monday, May 11th. Finally, Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One 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. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.65.

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.