Principal Financial Group Inc. Purchases 612,516 Shares of Uber Technologies, Inc. $UBER

Principal Financial Group Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,459,980 shares of the ride-sharing company’s stock after buying an additional 612,516 shares during the quarter. Principal Financial Group Inc.’s holdings in Uber Technologies were worth $248,876,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in Uber Technologies during the fourth quarter worth about $25,000. Portus Wealth Advisors LLC bought a new stake in Uber Technologies during the first quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the fourth quarter worth about $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

UBER stock opened at $72.12 on Wednesday. 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, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The company has a market cap of $146.81 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 6.31 and a beta of 1.12. The stock’s fifty day moving average price is $72.97 and its 200-day moving average price is $75.27.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

More Uber Technologies News

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

• Positive Sentiment: BTIG reiterated a Buy rating and set a $100 price target, signaling meaningful upside if execution remains solid.
• Positive Sentiment: Commentary highlighted Uber’s improving profitability, including a sharp rise in operating income and continued growth in gross bookings, which supports the view that the platform is becoming a more efficient business.
• Positive Sentiment: Uber continues to broaden its platform beyond ride-hailing and delivery, with new products around travel, hotels, AI tools, and autonomous vehicles that could create additional revenue streams over time.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Monday, June 1st. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research note on Monday, June 22nd. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Finally, Truist Financial lifted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.18.

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.