Uber Technologies (NYSE:UBER) Stock Price Down 2.9% – Should You Sell?

Uber Technologies, Inc. (NYSE:UBER)’s share price fell 2.9% on Tuesday . The company traded as low as $71.33 and last traded at $71.7070. 24,074,507 shares were traded during trading, an increase of 20% from the average session volume of 20,052,330 shares. The stock had previously closed at $73.8860.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber announced a strategic robotaxi partnership with WeRide and AVOMO to launch Spain’s first commercial robotaxi pilot in Madrid, marking Uber’s first joint entry into the European market and expanding its autonomous mobility footprint. WeRide, Uber and AVOMO Bring Robotaxis to Madrid
• Positive Sentiment: Uber also launched a Munich robotaxi program with Autobrains and Nvidia, reinforcing the company’s push to scale an OEM-agnostic autonomous ride-hailing platform in Europe. Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion
• Positive Sentiment: Citi kept a Buy rating on Uber, which can help support investor confidence alongside the company’s autonomous-driving announcements. Citi Keeps Their Buy Rating on Uber Technologies (UBER)
• Neutral Sentiment: Uber capped employee spending on certain AI coding tools at $1,500 per month per tool after reportedly blowing through its annual AI budget early, a sign the company is trying to rein in costs, though the move also underscores elevated AI-related expenses. Uber caps employee AI spending after blowing through budget in four months
• Neutral Sentiment: Uber increased its ownership in Careem through a $100 million stake purchase, a strategic investment that could strengthen its regional position but is unlikely to be a near-term stock driver. Uber increases Careem ownership after $100 million stake purchase from e&

Analysts Set New Price Targets

Several brokerages have recently commented on UBER. Raymond James Financial upgraded Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Morgan Stanley reduced their target price on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. HSBC downgraded Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Canaccord Genuity Group set a $72.00 target price on Uber Technologies in a research note on Thursday, February 5th. Finally, Wedbush reduced their target price on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.68.

Uber Technologies Price Performance

The firm has a market cap of $145.97 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 5.99 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. The business has a 50 day simple moving average of $73.68 and a 200-day simple moving average of $78.28.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during 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 company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in 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 valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC boosted its stake in Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank acquired a new position in Uber Technologies during the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp lifted its position in shares of Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after buying an additional 297,132 shares in the last quarter. 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.