1,090,281 Shares in Uber Technologies, Inc. $UBER Purchased by Dorsey Asset Management LLC

Dorsey Asset Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,090,281 shares of the ride-sharing company’s stock, valued at approximately $78,424,000. Uber Technologies comprises about 6.2% of Dorsey Asset Management LLC’s holdings, making the stock its 10th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. Waverly Advisors LLC grew its stake in shares of Uber Technologies by 392.2% during the 1st quarter. Waverly Advisors LLC now owns 173,360 shares of the ride-sharing company’s stock worth $12,470,000 after acquiring an additional 138,141 shares in the last quarter. Dempze Nancy E lifted its position in shares of Uber Technologies by 26.5% in the first quarter. Dempze Nancy E now owns 33,914 shares of the ride-sharing company’s stock worth $2,439,000 after purchasing an additional 7,115 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Uber Technologies in the first quarter worth $865,000. Empirical Finance LLC lifted its position in shares of Uber Technologies by 4.5% in the first quarter. Empirical Finance LLC now owns 13,566 shares of the ride-sharing company’s stock worth $976,000 after purchasing an additional 585 shares in the last quarter. Finally, Bollard Group LLC boosted its holdings in Uber Technologies by 9.2% during the first quarter. Bollard Group LLC now owns 60,674 shares of the ride-sharing company’s stock worth $4,365,000 after purchasing an additional 5,113 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a research report on Monday, May 11th. DA Davidson reissued a “buy” rating and set a $107.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. HSBC downgraded shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Finally, Piper Sandler upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock 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 given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $104.65.

Key Uber Technologies News

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

• Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
• Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
• Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
• Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
• Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski… lands a role in Travis Kalanick’s $1.7B robotics venture

Uber Technologies Price Performance

Shares of UBER opened at $66.00 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $72.16 and its 200 day simple moving average is $74.72. Uber Technologies, Inc. has a 1-year low of $65.56 and a 1-year high of $101.99. The company has a market cap of $134.36 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 5.54 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS 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 analysts’ expectations of $13.28 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal 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.