Uber Technologies (NYSE:UBER) Trading Down 1.9% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded down 1.9% during mid-day trading on Thursday . The stock traded as low as $68.35 and last traded at $68.9650. 23,285,138 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 19,342,430 shares. The stock had previously closed at $70.33.

Key Uber Technologies News

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

• Negative Sentiment: Waymo is reportedly exploring a breakup with Uber, potentially ending a partnership that put Waymo robotaxis on Uber’s network in Austin and Atlanta. If Waymo pulls back, it could weaken Uber’s autonomous-vehicle strategy and raise concerns about competitive pressure in robotaxi ride-hailing. Waymo reportedly mulling a breakup with Uber
• Negative Sentiment: The Financial Times reported that the Uber-Waymo relationship has soured amid lobbying battles over autonomous vehicle rollout, adding uncertainty around a high-profile partnership investors viewed as strategically important. Waymo explores split with Uber as robotaxi tensions deepen
• Negative Sentiment: Uber said it is cutting 10% of customer service jobs as it expands AI use. While the move may support long-term efficiency, layoffs can signal near-term operational disruption and were cited in reports as a reason the stock weakened. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Several follow-up reports echoed the same workforce reduction, reinforcing the market’s focus on Uber’s cost cuts and AI transition rather than near-term growth catalysts. Uber Slashes 10% of Customer Service Workforce in AI Push
• Neutral Sentiment: Uber also won a court injunction against a New York City driver deactivation law, preserving flexibility in how it manages drivers in a key market; this is supportive for operations, but it is less likely to drive immediate stock action than the Waymo headlines. Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
• Neutral Sentiment: Separately, Uber was mentioned as a backer of Travis Kalanick’s new robotics venture, but that investment appears more thematic than directly material to Uber’s core earnings outlook. Anthony Levandowski… lands a role in Travis Kalanick’s $1.7B robotics venture

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. TD Cowen reissued a “buy” rating and issued a $118.00 target price on shares of Uber Technologies in a report on Thursday, July 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research report on Monday, June 1st. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, July 14th. Finally, Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.65.

Uber Technologies Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $134.36 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 5.79 and a beta of 1.12. The stock’s 50-day simple moving average is $72.16 and its 200 day simple moving average is $74.72.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts expect that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Uber Technologies by 0.9% during the 4th 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 acquired a new position in Uber Technologies in the fourth quarter valued at approximately $1,220,000. PNC Financial Services Group Inc. boosted its stake in Uber Technologies by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after acquiring an additional 29,587 shares during the last quarter. Teacher Retirement System of Texas boosted 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 valued at $45,280,000 after acquiring an additional 82,851 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Uber Technologies during the 4th quarter worth $17,336,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.