TD Asset Management Inc Sells 141,661 Shares of Uber Technologies, Inc. $UBER

TD Asset Management Inc trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,828,289 shares of the ride-sharing company’s stock after selling 141,661 shares during the quarter. TD Asset Management Inc’s holdings in Uber Technologies were worth $231,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of UBER. Norges Bank bought a new position in Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock valued at $776,883,000 after purchasing an additional 5,293,822 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Uber Technologies by 65.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,902,660 shares of the ride-sharing company’s stock valued at $400,596,000 after purchasing an additional 1,935,832 shares in the last quarter. C WorldWide Group Holding A S bought a new position in Uber Technologies in the third quarter valued at approximately $173,776,000. Finally, Mawer Investment Management Ltd. grew its stake in Uber Technologies by 231.0% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,503,682 shares of the ride-sharing company’s stock valued at $204,576,000 after purchasing an additional 1,747,252 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber is deepening its robotaxi push by investing nearly $500 million in Nuro to help expand a fleet of 35,000 autonomous vehicles built on Lucid Gravity SUVs. The milestone-based funding ties Uber’s capital to actual deployment progress, which could strengthen its position in the autonomous ride-hailing market. Article Title
• Positive Sentiment: Uber and WeRide announced Spain’s first commercial robotaxi pilot in Madrid, with a path from operator-led rides to hundreds of vehicles and eventually driverless service. Investors may view this as another sign that Uber’s autonomous network strategy is moving from concept to commercialization in new markets. Article Title
• Positive Sentiment: Uber also unveiled plans to put 500 data-collection vehicles on the road this year to gather real-world driving data for partners like Avride, Waymo, and WeRide. More data collection should help accelerate AV development and improve the value of Uber’s platform partnerships. Article Title
• Positive Sentiment: Analyst commentary remained supportive, with DA Davidson reiterating a Buy rating and a $107 price target after reports of Uber’s interest in acquiring Delivery Hero. That suggests some investors still see upside from both delivery expansion and strategic consolidation. Article Title
• Neutral Sentiment: Uber CEO Dara Khosrowshahi said the company exceeded its annual AI budget in a single quarter and is now capping employee spending on AI tools. While this may improve discipline, it also highlights unexpectedly high AI costs. Article Title
• Neutral Sentiment: Uber is also slowing hiring and trimming recruitment/HR staff as AI increases productivity. The restructuring should help efficiency, but the direct stock impact is less clear because the cuts are relatively small compared with Uber’s overall workforce. Article Title

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a report on Thursday, May 7th. Wedbush reduced their price target on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. UBS Group cut Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Finally, HSBC cut Uber Technologies to a “reduce” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $104.68.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were 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 owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.81% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.82 on Thursday. The company has a market capitalization of $146.20 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 6.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day simple moving average of $73.57 and a 200 day simple moving average of $77.99. Uber Technologies, Inc. has a 52 week low of $68.46 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share 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.