Meeder Asset Management Inc. Reduces Stake in Uber Technologies, Inc. $UBER

Meeder Asset Management Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 98.0% during the 1st quarter, HoldingsChannel reports. The fund owned 643 shares of the ride-sharing company’s stock after selling 31,449 shares during the period. Meeder Asset Management Inc.’s holdings in Uber Technologies were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors increased its position in shares of Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC raised its holdings in Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after buying an additional 1,602,596 shares during the period. Norges Bank purchased a new stake in Uber Technologies during the 4th quarter valued at $2,515,094,000. Finally, Northern Trust Corp lifted its position in Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after buying an additional 297,132 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a report on Monday, May 11th. They issued an “outperform” rating for the company. Wedbush started coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. Finally, Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.65.

More Uber Technologies News

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

• Positive Sentiment: Uber and Lyft won a court ruling blocking New York City from forcing advance notice before deactivating drivers, removing a potential operational burden and limiting new regulatory constraints on gig-platform flexibility. Uber, Lyft win court block on NYC law requiring notice before firing drivers
• Positive Sentiment: Recent commentary says Uber still has new growth catalysts beyond 2026, which may be helping support the long-term bull case despite near-term volatility. Uber: New Catalysts To Drive Growth Beyond 2026
• Neutral Sentiment: Uber is drawing renewed investor attention from traders and analysts, but these mentions do not appear to include a major new business update. Uber Technologies, Inc. (UBER) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Uber is also being discussed in connection with Travis Kalanick’s robotics investment, but the news is more about venture activity than Uber’s core earnings outlook. Travis Kalanick’s robotics company raises $1.7B, led by a16z
• Negative Sentiment: Uber’s stock fell more than the broader market in the latest session, reflecting ongoing investor concern about valuation and the possibility that driverless technology could pressure its long-term ride-hailing economics. Why Uber Technologies (UBER) Dipped More Than Broader Market Today
• Negative Sentiment: Investors are also worried that autonomous driving could weaken Uber’s competitive advantage, which remains a key overhang on the stock. Should You Buy Uber Stock Before the Huge Investor Update?

Uber Technologies Price Performance

UBER opened at $70.39 on Thursday. The business has a fifty day moving average of $72.46 and a 200 day moving average of $74.88. 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 stock has a market cap of $143.29 billion, a P/E ratio of 17.55, a PEG ratio of 6.01 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same quarter in the prior year, the company posted $0.83 EPS. Uber Technologies’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, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.98 EPS for the current 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.