California State Teachers Retirement System Decreases Holdings in Uber Technologies, Inc. $UBER

California State Teachers Retirement System decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.6% in the first quarter, Holdings Channel reports. The fund owned 3,096,491 shares of the ride-sharing company’s stock after selling 83,944 shares during the quarter. California State Teachers Retirement System’s holdings in Uber Technologies were worth $222,731,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Uber Technologies by 0.9% in 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 purchasing an additional 1,670,761 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Uber Technologies by 6.1% during 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 buying an additional 29,587 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,220,000. Weiss Asset Management LP grew its stake in shares of Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock valued at $4,497,000 after buying an additional 51,465 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of 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 buying an additional 82,851 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 3.7%

Shares of NYSE UBER opened at $70.71 on Wednesday. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The firm has a market cap of $143.94 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 5.73 and a beta of 1.12. The business has a fifty day simple moving average of $71.96 and a two-hundred day simple moving average of $74.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. 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.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $107.00 price target on shares of Uber Technologies in a research note on Tuesday, May 26th. HSBC downgraded Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.60.

Key Uber Technologies News

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

• Positive Sentiment: AI and automation investment: Uber committed $100 million to Atoms, the robotics and automation company founded by former CEO Travis Kalanick. The investment could strengthen Uber’s access to industrial AI and automation capabilities across mobility and logistics. Uber Backs Travis Kalanick’s Atoms With $100 Million
• Positive Sentiment: Uber Freight expands its AI focus: Uber Freight hired a logistics technology veteran as it increases investment in artificial intelligence, potentially improving efficiency and competitiveness in its freight business. Uber Freight Elevates AI Ambitions
• Positive Sentiment: Q2 expectations remain solid: Bank of America maintained its Buy rating and expects Uber’s second-quarter results to meet or modestly exceed consensus, forecasting gross bookings of $57.3 billion and adjusted EBITDA of $2.77 billion. Investors are also watching management’s autonomous-vehicle outlook. Uber Autonomous Vehicle Outlook in Focus for Q2 Earnings
• Positive Sentiment: Demand supports pricing: An Obi analysis found that rideshare prices, particularly for Uber, rose significantly across World Cup host cities on match days, highlighting the potential for event-driven demand and higher marketplace revenue. World Cup Match Days Sent Rideshare Prices Surging

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.