Janus Henderson Group PLC Purchases 1,321,813 Shares of Uber Technologies, Inc. $UBER

Janus Henderson Group PLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.4% in the first quarter, Holdings Channel reports. The fund owned 8,129,721 shares of the ride-sharing company’s stock after acquiring an additional 1,321,813 shares during the period. Janus Henderson Group PLC’s holdings in Uber Technologies were worth $584,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UBER. Cadence Bank increased its stake in shares of Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after purchasing an additional 122 shares during the period. Avion Wealth grew its holdings in Uber Technologies by 17.5% in the 4th quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock valued at $68,000 after buying an additional 125 shares during the last quarter. Crewe Advisors LLC increased its position in Uber Technologies by 6.6% in the 4th quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company’s stock worth $170,000 after buying an additional 129 shares during the period. Archford Capital Strategies LLC increased its position in Uber Technologies by 1.7% in the 4th quarter. Archford Capital Strategies LLC now owns 7,986 shares of the ride-sharing company’s stock worth $653,000 after buying an additional 133 shares during the period. Finally, TFR Capital LLC. lifted its holdings in shares of Uber Technologies by 4.1% during the fourth quarter. TFR Capital LLC. now owns 3,449 shares of the ride-sharing company’s stock worth $282,000 after buying an additional 137 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UBER. Wells Fargo & Company reduced their price objective on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, July 6th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, April 28th. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Raymond James Financial upgraded shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Rivian partnership strengthens Uber’s autonomous-vehicle strategy. Uber agreed to invest up to $1.2 billion in Rivian and purchase as many as 50,000 R2 electric vehicles for potential robotaxi use. The deal could give Uber access to a dedicated autonomous fleet and create new revenue opportunities, although the benefits will depend on regulatory approvals and successful deployment. Uber Agrees to Invest up to $1.2 Billion in Rivian and Purchase up to 50,000 R2s
• Positive Sentiment: Uber Eats expanded its grocery network. New partnerships with Busch’s Fresh Food Market, Hays, Lowe’s Market and Piggly Wiggly broaden Uber Eats’ regional reach and could increase order frequency and delivery revenue. Uber Eats Welcomes New Regional Grocery Partners Across the U.S.
• Positive Sentiment: Analysts expect solid second-quarter performance. Forecasts call for gross bookings of approximately $57.3 billion and adjusted EBITDA of $2.77 billion, slightly above consensus estimates. Bank of America reiterated its Buy rating, while broader analyst price targets remain well above the current quotation. Uber autonomous vehicle outlook in focus for Q2 earnings
• Neutral Sentiment: Investors are positioning ahead of Uber’s expected August 5 earnings report. Although earnings are projected to grow, some analysts do not see the usual combination of estimate revisions and surprise factors needed to indicate a likely earnings beat. Uber Technologies Earnings Expected to Grow
• Negative Sentiment: Competitive and execution risks remain. Coverage highlighted Bay Area job cuts and ongoing concerns that Tesla, Waymo and other autonomous-vehicle platforms could challenge Uber’s core ride-hailing model. Uber’s Rivian investment, Atoms commitment and other automation efforts also require substantial capital before producing meaningful returns.

Uber Technologies Stock Up 0.8%

UBER opened at $71.30 on Thursday. The company has a market capitalization of $145.13 billion, a P/E ratio of 17.78, a P/E/G ratio of 5.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s fifty day moving average price is $71.89 and its two-hundred day moving average price is $74.33. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last posted 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 business had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 2.98 EPS for the current 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.