Jennison Associates LLC Cuts Stock Holdings in Uber Technologies, Inc. $UBER

Posted by Logan Wallace on Jul 19th, 2026

Jennison Associates LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 41.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,782,456 shares of the ride-sharing company’s stock after selling 2,652,546 shares during the quarter. Jennison Associates LLC’s holdings in Uber Technologies were worth $272,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new stake in Uber Technologies in the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.0%

UBER opened at $72.55 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 cap of $147.69 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 6.12 and a beta of 1.12. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The company’s 50-day moving average price is $72.72 and its two-hundred day moving average price is $75.14.

Uber Technologies (NYSE:UBER – Get Free Report) last released its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same period in the prior year, the firm earned $0.83 EPS. The company’s 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. As a group, equities analysts expect that Uber Technologies, Inc. will post 3 earnings per share for the current year.

Key Headlines Impacting Uber Technologies

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

Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group cut shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. KeyCorp reduced their target price on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Wedbush assumed coverage on Uber Technologies in a research report on Thursday. They set an “outperform” rating and a $91.00 price target for the company. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada began coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

Get Our Latest Research Report on Uber Technologies

Uber Technologies Company Profile

(Free Report)

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.