Novare Capital Management LLC Grows Stake in Uber Technologies, Inc. $UBER

Novare Capital Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1,152.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,868 shares of the ride-sharing company’s stock after buying an additional 71,653 shares during the quarter. Novare Capital Management LLC’s holdings in Uber Technologies were worth $5,601,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. 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 worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% during the 4th 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 in the last quarter. Bison Wealth LLC increased its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the period. Caxton Associates LLP purchased a new position in shares of Uber Technologies during the first quarter valued at about $304,000. Finally, Schnieders Capital Management LLC. bought a new position in Uber Technologies in the second quarter worth about $842,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Tigress Financial lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. US Capital Advisors set a $95.00 target price on Uber Technologies in a research note on Monday, May 11th. The Goldman Sachs Group set a $115.00 price target on Uber Technologies in a research report on Thursday, May 7th. Finally, HSBC cut Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $104.97.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber-backed Lime’s IPO could benefit Uber by boosting the value of its investment stake and reinforcing the company’s position in micromobility. Uber-backed electric bike firm Lime seeks $180.9 million in IPO
• Positive Sentiment: Uber is being highlighted by analysts as a long-term stock with substantial upside potential, which may support investor confidence. 5 Most Promising Long-Term Stocks to Buy According to Analysts
• Neutral Sentiment: Uber was cited among companies calling for faster electrification policies, a potentially supportive but indirect theme for its long-term mobility strategy. Uber, Autodesk, Coca-Cola, Levi Strauss and Others Call for Governments to Accelerate Electrification
• Negative Sentiment: Shareholders sued Uber’s board over alleged compliance and safety failures, adding legal overhang and renewed scrutiny of the company’s governance and risk controls. Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.51 on Tuesday. The company has a 50 day simple moving average of $73.43 and a two-hundred day simple moving average of $76.52. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The company has a market capitalization of $145.56 billion, a price-to-earnings ratio of 17.83, a P/E/G 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.

Uber Technologies (NYSE:UBER) last issued its quarterly 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. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter 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. Analysts expect that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Uber Technologies Company 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.