Sit Investment Associates Inc. Boosts Stake in Uber Technologies, Inc. $UBER

Sit Investment Associates Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 33.8% in the 4th quarter, Holdings Channel reports. The firm owned 28,890 shares of the ride-sharing company’s stock after buying an additional 7,290 shares during the quarter. Sit Investment Associates Inc.’s holdings in Uber Technologies were worth $2,361,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MidFirst Bank purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $525,000. SG Trading Solutions LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $794,000. Stone Wealth Partners purchased a new position in Uber Technologies in the 4th quarter worth about $267,000. Floyd Financial Group LLC lifted its holdings in Uber Technologies by 4.0% during the 4th quarter. Floyd Financial Group LLC now owns 20,687 shares of the ride-sharing company’s stock valued at $1,690,000 after buying an additional 801 shares in the last quarter. Finally, Drake & Associates LLC lifted its holdings in Uber Technologies by 5.8% during the 4th quarter. Drake & Associates LLC now owns 12,336 shares of the ride-sharing company’s stock valued at $1,008,000 after buying an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber launched a new Life360 integration that lets parents request teen rides, track trips in real time, and manage family transportation in one app, which could help deepen user engagement and attract more family-oriented rides. Life360 and Uber Partner to Help Parents Coordinate Rides From Anywhere
• Positive Sentiment: Turkey’s competition board approved Uber’s acquisition of Getir’s delivery business, removing a regulatory hurdle and supporting Uber’s expansion in a new market alongside a planned $500 million investment in Turkey. Turkish competition board approves Uber acquisition of Getir delivery business
• Positive Sentiment: Uber continues to build out its autonomous vehicle strategy, with new robotaxi partnerships in Houston and Zurich and a broader Stellantis-Wayve-Uber collaboration, reinforcing the company’s long-term growth story and helping support bullish analyst sentiment. Stellantis, Wayve and Uber team up to develop global robotaxi services
• Positive Sentiment: Bank of America said Uber’s robotaxi expansion could improve investor sentiment, while Tigress Financial raised its price target, signaling confidence in Uber’s earnings growth and autonomous-driving roadmap. Uber Robotaxi expansion could shift autonomous vehicle narrative, says BofA
• Neutral Sentiment: Some articles focused on Uber as a strong long-term stock idea versus peers and on its expanding advertising business, but these were more reinforcing than immediately market-moving.
• Negative Sentiment: Uber also drew criticism after Consumer Reports said riders sometimes saw widely different prices for the same trip, which could add scrutiny around pricing practices if the issue gains traction. Uber and Lyft may charge you $40 more for the exact same ride as someone else — but both deny surveillance pricing

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Thursday, May 7th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their price objective on Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $104.97.

Uber Technologies Stock Performance

UBER stock opened at $71.91 on Friday. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The firm has a market cap of $146.38 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 6.09 and a beta of 1.12. 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 simple moving average of $73.44 and a two-hundred day simple moving average of $76.70.

Uber Technologies (NYSE:UBER) last issued 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 firm 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 company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. 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 EPS for the current fiscal year.

Uber Technologies 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.