Cannell & Spears LLC Decreases Position in Uber Technologies, Inc. $UBER

Cannell & Spears LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 88.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 16,791 shares of the ride-sharing company’s stock after selling 134,254 shares during the quarter. Cannell & Spears LLC’s holdings in Uber Technologies were worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Osbon Capital Management LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of Uber Technologies during the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies in the fourth quarter valued at $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 4.2%

UBER opened at $66.00 on Friday. Uber Technologies, Inc. has a 12-month low of $65.56 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 stock has a market capitalization of $134.36 billion, a PE ratio of 16.46, a P/E/G ratio of 5.54 and a beta of 1.12. The firm’s fifty day moving average price is $72.16 and its 200 day moving average price is $74.72.

Uber Technologies (NYSE:UBER) last announced 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 firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. Tigress Financial lifted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citizens Jmp reissued a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. US Capital Advisors set a $95.00 target price on Uber Technologies in a research note on Monday, May 11th. Wedbush assumed coverage on Uber Technologies in a research report on Thursday, July 16th. They set an “outperform” rating and a $91.00 target price on the stock. Finally, Truist Financial boosted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.65.

Uber Technologies News Roundup

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

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.