GM Advisory Group LLC Lowers Stock Position in Uber Technologies, Inc. $UBER

GM Advisory Group LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 44.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,011 shares of the ride-sharing company’s stock after selling 52,677 shares during the quarter. GM Advisory Group LLC’s holdings in Uber Technologies were worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. K.J. Harrison & Partners Inc acquired a new stake in shares of Uber Technologies during the first quarter worth about $360,000. Montrusco Bolton Investments Inc. grew its stake in shares of Uber Technologies by 7.5% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 2,242,389 shares of the ride-sharing company’s stock valued at $156,238,000 after purchasing an additional 155,770 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Uber Technologies by 17.7% in the 1st quarter. Private Wealth Partners LLC now owns 3,050 shares of the ride-sharing company’s stock valued at $219,000 after purchasing an additional 458 shares during the last quarter. Revisor Wealth Management LLC increased its holdings in shares of Uber Technologies by 3.5% in the first quarter. Revisor Wealth Management LLC now owns 4,587 shares of the ride-sharing company’s stock valued at $330,000 after purchasing an additional 153 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Uber Technologies by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 9,041 shares of the ride-sharing company’s stock valued at $650,000 after purchasing an additional 827 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $74.39 on Friday. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $73.09 and its 200 day simple moving average is $75.64. The firm has a market capitalization of $151.42 billion, a PE ratio of 18.55, a P/E/G ratio of 6.32 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS 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 firm had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm’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. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a report on Thursday, May 7th. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Royal Bank Of Canada assumed coverage on Uber Technologies in a report on Monday, May 11th. They issued an “outperform” rating on the stock. Tigress Financial boosted their target price on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Finally, HSBC cut Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.54.

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.