Elevation Point Wealth Partners LLC Buys 28,092 Shares of Uber Technologies, Inc. $UBER

Elevation Point Wealth Partners LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 63.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 72,152 shares of the ride-sharing company’s stock after buying an additional 28,092 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Uber Technologies were worth $5,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth $2,515,094,000. Marshall Wace LLP lifted its stake in shares of Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after purchasing an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 purchasing an additional 5,293,822 shares during the period. Employees Provident Fund Board bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $265,205,000. Finally, Capital Research Global Investors grew its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Truist Financial boosted 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. BNP Paribas Exane cut shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Finally, Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.54.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $74.39 on Friday. 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 capitalization of $151.42 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The firm’s 50 day moving average price is $73.09 and its 200-day moving average price is $75.64. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results 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. The company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current year.

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.