Mediolanum International Funds Ltd Trims Position in Uber Technologies, Inc. $UBER

Mediolanum International Funds Ltd lowered its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 19.4% during the first quarter, Holdings Channel reports. The fund owned 407,325 shares of the ride-sharing company’s stock after selling 98,053 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Uber Technologies were worth $28,476,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC grew its position in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP purchased a new stake in shares of Uber Technologies in the first quarter valued at $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies in the second quarter valued at $842,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.0%

Shares of UBER opened at $72.55 on Friday. Uber Technologies, Inc. has a twelve month low of $67.19 and a twelve month high of $101.99. The firm has a market capitalization of $147.69 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 6.12 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 $72.72 and its 200 day simple moving average is $75.14.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. 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 3 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on UBER shares. Tigress Financial increased their target price on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. DA Davidson restated a “buy” rating and issued a $107.00 price target on shares of Uber Technologies in a report on Tuesday, May 26th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a report on Monday, June 22nd. Finally, HSBC cut shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.65.

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Uber Technologies 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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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