Munich Reinsurance Co Stock Corp in Munich Sells 130,523 Shares of Uber Technologies, Inc. $UBER

Munich Reinsurance Co Stock Corp in Munich decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 35.0% during the first quarter, HoldingsChannel.com reports. The firm owned 242,679 shares of the ride-sharing company’s stock after selling 130,523 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Uber Technologies were worth $17,456,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UBER. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at approximately $2,515,094,000. Marshall Wace LLP increased its holdings 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 worth $546,919,000 after buying an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 worth $776,883,000 after buying an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $265,205,000. Finally, Capital Research Global Investors raised its position in shares of Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $73.67 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $67.19 and a 52-week high of $101.99. The company has a fifty day moving average of $72.99 and a 200-day moving average of $75.46. The stock has a market capitalization of $149.96 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. 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.

Uber Technologies News Summary

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

• Positive Sentiment: Analysts say gross booking strength from Mobility, Delivery, Uber One, and app upgrades could help Uber deliver strong Q2 results, supporting the stock ahead of earnings. Will Gross Booking Strength Give a Boost to Uber’s Results in Q2?
• Positive Sentiment: Wells Fargo reportedly raised its price target to $100, reinforcing bullish Wall Street sentiment on Uber. Uber Technologies Given New $100.00 Price Target at Wells Fargo & Company
• Positive Sentiment: Uber continues to receive bullish coverage on the view that it can benefit from the robotaxi rollout without bearing the heavy cost of building autonomous vehicles itself. Uber: The Robotaxi Revolution Makes Me More Bullish
• Neutral Sentiment: Waymo’s expansion into four more cities underscores rising competition in autonomous ride-hailing, which could influence how investors value Uber’s long-term mobility strategy. Waymo Widens Lead Over Tesla, Expands Robotaxis To Four New Cities
• Neutral Sentiment: Uber’s recent move to pause most Uber Eats expansion in Europe and focus on a possible Delivery Hero acquisition may improve strategic focus, but it also adds execution and regulatory uncertainty. How Investors Are Reacting To Uber Technologies Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Recent reports note Uber shares have been sliding, suggesting investors are cautious despite the bullish commentary. Uber Technologies Stock Slides as Market Rises: Facts to Know Before You Trade

Analysts Set New Price Targets

Several brokerages recently issued reports on UBER. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Monday, June 22nd. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wolfe Research set a $100.00 price target on Uber Technologies in a research note on Friday, May 29th. Truist Financial lifted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.18.

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.