Uber Technologies, Inc. $UBER Stake Lifted by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 23.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,398 shares of the ride-sharing company’s stock after buying an additional 71,910 shares during the period. Uber Technologies accounts for approximately 1.3% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 20th largest holding. Coronation Fund Managers Ltd.’s holdings in Uber Technologies were worth $27,578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Cadence Bank grew its position in shares of Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after acquiring an additional 122 shares during the last quarter. Salvus Wealth Management LLC lifted its position in Uber Technologies by 4.9% in the 4th quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company’s stock valued at $216,000 after purchasing an additional 123 shares during the last quarter. Avion Wealth lifted its position in Uber Technologies by 17.5% in the 4th quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock valued at $68,000 after purchasing an additional 125 shares during the last quarter. Crewe Advisors LLC boosted its stake in Uber Technologies by 6.6% during the 4th quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company’s stock valued at $170,000 after purchasing an additional 129 shares during the period. Finally, Archford Capital Strategies LLC grew its position in Uber Technologies by 1.7% in the 4th quarter. Archford Capital Strategies LLC now owns 7,986 shares of the ride-sharing company’s stock worth $653,000 after purchasing an additional 133 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. HSBC cut Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada initiated coverage on Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.65.

Key Headlines Impacting Uber Technologies

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 Stock Down 1.6%

UBER stock opened at $70.39 on Thursday. The firm’s 50-day moving average is $72.46 and its two-hundred day moving average is $74.88. The company has a market capitalization of $143.29 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 6.01 and a beta of 1.12. Uber Technologies, Inc. has a 52 week low of $67.19 and a 52 week high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

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, beating the consensus estimate 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 firm posted $0.83 earnings per share. The business’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, analysts forecast that Uber Technologies, Inc. will post 2.98 earnings per share 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.