PGGM Investments Takes Position in Uber Technologies, Inc. $UBER

PGGM Investments acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 144,418 shares of the ride-sharing company’s stock, valued at approximately $11,800,000.

Several other hedge funds also recently added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies in the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the fourth quarter worth approximately $27,000. Ares Financial Consulting LLC purchased a new position in Uber Technologies in the fourth quarter worth approximately $28,000. Imprint Wealth LLC purchased a new position in Uber Technologies in the third quarter worth approximately $32,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Uber Technologies in the third quarter worth approximately $34,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber is reportedly considering a higher bid for Delivery Hero after its initial offer was turned down, raising the chance of a strategic acquisition that could broaden Uber’s delivery business. Uber weighs higher bid for Delivery Hero, FT reports
• Positive Sentiment: Delivery Hero confirmed it received a takeover offer from Uber, and reports say Uber has built a meaningful stake in the company, suggesting serious deal interest rather than a one-off approach. Delivery Hero shares hit 18-month high following Uber bid news
• Neutral Sentiment: Analyst commentary this week remained supportive of Uber, with firms such as Citizens and Truist staying bullish, which helps reinforce a positive longer-term sentiment backdrop for the stock. Citizens and Truist Securities Remain Bullish on UBER
• Neutral Sentiment: Uber also drew attention for its AI and robotaxi strategy, but that news is more about long-term growth than an immediate stock catalyst. Uber Nvidia Robotaxi Push Puts Autonomous Future At Center Of Valuation
• Negative Sentiment: The proposed deal could become more expensive if Uber sweetens its bid, which would increase acquisition risk and potentially weigh on near-term capital allocation. Uber weighs higher bid for Delivery Hero after €11.5bn offer rebuffed

Uber Technologies Price Performance

Shares of UBER opened at $71.87 on Tuesday. Uber Technologies, Inc. has a 1-year low of $68.46 and a 1-year high of $101.99. The stock has a market cap of $146.31 billion, a PE ratio of 17.92, a P/E/G ratio of 6.11 and a beta of 1.16. The firm has a 50-day simple moving average of $74.12 and a two-hundred day simple moving average of $79.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share 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 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 business earned $0.83 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Thursday, February 5th. Citigroup reiterated a “buy” rating on shares of Uber Technologies in a research report on Tuesday, March 17th. Mizuho dropped their price target on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald dropped their price target on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.97.

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.