Uber Technologies, Inc. $UBER Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,620,059 shares of the ride-sharing company’s stock after purchasing an additional 1,568,224 shares during the period. California Public Employees Retirement System’s holdings in Uber Technologies were worth $404,251,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC purchased a new position in Uber Technologies in the fourth quarter worth approximately $1,220,000. Teacher Retirement System of Texas lifted its stake in Uber Technologies by 17.6% in the fourth quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock worth $45,280,000 after acquiring an additional 82,851 shares during the last quarter. Robinhood Asset Management LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $10,884,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Uber Technologies during the 4th quarter worth approximately $17,336,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. TD Cowen reiterated a “buy” rating and set a $118.00 target price on shares of Uber Technologies in a research note on Thursday. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. UBS Group cut Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Finally, KeyCorp decreased their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.65.

Uber Technologies Trading Down 2.0%

NYSE UBER opened at $72.55 on Friday. The firm’s fifty day moving average price is $72.72 and its 200 day moving average price is $75.14. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. 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 company has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 6.26 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 firm had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Uber Technologies’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, sell-side analysts expect that Uber Technologies, Inc. will post 2.97 earnings per share for the current fiscal year.

Key Uber Technologies News

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

• Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
• Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy
• Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says
• Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide

Uber Technologies Profile

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.