Deepwater Asset Management LLC Increases Position in Uber Technologies, Inc. $UBER

Deepwater Asset Management LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 28.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 181,566 shares of the ride-sharing company’s stock after acquiring an additional 40,337 shares during the quarter. Uber Technologies accounts for approximately 4.3% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Deepwater Asset Management LLC’s holdings in Uber Technologies were worth $14,836,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UBER. Norges Bank bought a new position in Uber Technologies in the 4th quarter valued at about $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after acquiring an additional 5,293,822 shares in the last quarter. Capital Research Global Investors lifted its position in Uber Technologies by 2.6% in 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 acquiring an additional 2,903,021 shares in the last quarter. Egerton Capital UK LLP bought a new position in Uber Technologies in the 4th quarter valued at about $219,079,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Uber Technologies by 65.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,902,660 shares of the ride-sharing company’s stock valued at $400,596,000 after acquiring an additional 1,935,832 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

More Uber Technologies News

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

• Positive Sentiment: Uber CEO Dara Khosrowshahi said AI tools have boosted employee productivity enough that the company is slowing hiring, which could support margins if the efficiency gains hold. The company also said it is capping AI spending after blowing through its annual budget in just one quarter, signaling tighter cost control. Article: Uber CEO Dara Khosrowshahi Says Company ‘Blew’ Through Its Annual AI Budget In A Single Quarter, Reports Increased Human Productivity
• Positive Sentiment: Uber is expanding its robotaxi ambitions with a large investment in Nuro, tied to plans for a major autonomous vehicle rollout using Lucid vehicles, which could strengthen its long-term growth story. Article: Uber commits nearly $500 million to Nuro robotaxi startup
• Neutral Sentiment: The company also announced a new grant round through its Health Access Fund with LISC to help low-income patients access transportation, which supports Uber’s brand and community relationships but is unlikely to move the stock on its own. Article: Uber and LISC open new grant application through Health Access Fund to bridge transportation gaps for low-income patients
• Neutral Sentiment: Several reports focused on whether Uber is a buy after recent weakness, reflecting ongoing investor debate rather than a clear new catalyst. Article: Is Trending Stock Uber Technologies, Inc. (UBER) a Buy Now?
• Negative Sentiment: Investors remain worried that robotaxis could disrupt Uber’s ride-hailing business, and reports said the company is recruiting fewer drivers in some self-driving markets and is making a bigger bet on autonomous vehicles to adapt. That shift adds uncertainty around Uber’s future moat and driver supply. Article: Uber is making a much bigger bet on robotaxis
• Negative Sentiment: Uber also cut 23% of roles in its People and Places division, a sign of restructuring that may help efficiency but can also reflect pressure to trim costs amid a more cautious outlook. Article: Uber Reshapes HR Team As Stock Trades Below Valuation Estimates

Uber Technologies Trading Up 0.2%

Shares of UBER stock opened at $70.84 on Monday. The company has a 50 day moving average of $73.53 and a 200-day moving average of $77.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $68.46 and a 12-month high of $101.99. The firm has a market cap of $144.21 billion, a P/E ratio of 17.67, a PEG ratio of 6.01 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same quarter last year, the business posted $0.83 EPS. Uber Technologies’s quarterly revenue was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on UBER. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research report on Monday, June 1st. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a research report on Monday, May 11th. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Uber Technologies in a research note on Monday, April 27th. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Truist Financial increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $104.68.

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.