Uber Technologies (NYSE:UBER) Trading Down 1.4% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 1.4% during trading on Tuesday . The stock traded as low as $73.96 and last traded at $74.0170. Approximately 17,375,787 shares were traded during trading, a decline of 8% from the average daily volume of 18,889,070 shares. The stock had previously closed at $75.08.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber’s self-driving strategy got a boost after Nvidia CEO Jensen Huang said the partnership will help power robotaxis in nearly 30 cities across 4 continents by 2028, reinforcing the long-term growth case for Uber’s autonomy efforts. Jensen Huang Says Nvidia Is Powering Uber’s Push Into Trillion-Dollar Self-Driving Opportunity Across 30 Cities
• Positive Sentiment: Uber was named Delivery Hero’s top shareholder and is part of a $5.3 billion bid for Baemin, which could expand its strategic influence in international delivery markets. Uber Becomes Delivery Hero’s Top Shareholder, Joins Naver in $5.3B Bid for Baemin
• Positive Sentiment: A Barchart report said SoftBank’s stock sales may look alarming, but Uber’s Q1 results indicate the underlying business is still accelerating, which supports the bull case for fundamentals. SoftBank Dumps Uber Stock, But Uber’s Growth Is Accelerating
• Neutral Sentiment: One article argued investors are still waiting for Uber’s new “Eats for the Way” feature to restore confidence, suggesting the market wants more proof that recent product efforts can reignite momentum. Your Morning Coffee, on Uber: Investors Counting on an UBER Stock Turnaround Are Hoping that ‘Eats for the Way’ Pays Off
• Negative Sentiment: Competitor pressure remains a concern, with a report saying Empower is pricing rides about 30% below Uber and Lyft in New York City, highlighting ongoing fare competition in rideshare. 30% Cheaper and Growing Fast: New Obi Research Reveals Empower’s Surge in New York City

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Morgan Stanley reduced their price target on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. HSBC downgraded Uber Technologies to a “reduce” rating in a report on Monday, May 11th. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, March 17th. Cantor Fitzgerald reduced their price target on Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Finally, Piper Sandler raised their price target on Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $105.11.

Uber Technologies Trading Down 1.3%

The stock has a 50-day simple moving average of $74.20 and a two-hundred day simple moving average of $79.41. 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 market cap of $149.94 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 6.34 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. Uber Technologies’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. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. The trade was a 357.02% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $2,515,094,000. Marshall Wace LLP grew its stake in shares of Uber Technologies by 1,462.2% during 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. grew its stake in shares of Uber Technologies by 129.7% during 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 4th quarter valued at about $265,205,000. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $222,983,000. 80.24% of the stock is currently owned by institutional investors.

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.