CIBC Asset Management Inc Raises Position in Uber Technologies, Inc. $UBER

CIBC Asset Management Inc grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 487,460 shares of the ride-sharing company’s stock after purchasing an additional 135,385 shares during the quarter. CIBC Asset Management Inc’s holdings in Uber Technologies were worth $39,830,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC purchased a new position in shares of Uber Technologies during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies during the 4th quarter worth $27,000. Ares Financial Consulting LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth $28,000. Imprint Wealth LLC purchased a new position in shares of Uber Technologies during the 3rd quarter worth $32,000. Finally, Blueline Advisors LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Thursday, February 5th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, May 26th. Truist Financial increased their target price on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. HSBC lowered Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $104.68.

Uber Technologies Trading Up 0.3%

Shares of UBER opened at $71.82 on Thursday. Uber Technologies, Inc. has a twelve month low of $68.46 and a twelve month high of $101.99. The firm has a market capitalization of $146.20 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. 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 stock’s fifty day simple moving average is $73.57 and its 200 day simple moving average is $77.99.

Uber Technologies (NYSE:UBER) last announced its quarterly 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. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.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 firm’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. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

More Uber Technologies News

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

• Positive Sentiment: Uber is expanding its robotaxi ambitions in Europe, announcing Spain’s first commercial pilot in Madrid with WeRide and AVOMO, which could help accelerate autonomous ride availability through the Uber app. WeRide, Uber and AVOMO Bring Robotaxis to Madrid
• Positive Sentiment: Uber said it will deploy 500 data-collection vehicles this year to gather real-world driving data for partners such as Waymo, Avride, and WeRide, reinforcing its autonomous-vehicle strategy. Uber to put 500 data-collection vehicles on the road this year
• Positive Sentiment: Analyst commentary remained constructive, with DA Davidson reiterating a Buy rating and $107 price target following reports tied to Uber’s acquisition interest in Delivery Hero. DA Davidson Reaffirms Buy Rating on Uber Technologies (UBER) Following Delivery Hero Acquisition Interest
• Neutral Sentiment: Uber also capped employee spending on AI coding tools and laid off 23% of its People division, actions that may improve costs but also signal management is tightening budgets and restructuring operations. Uber slashes people division by nearly a quarter. CEO says ‘changes are necessary’

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.