Econ Financial Services Corp Sells 25,319 Shares of Uber Technologies, Inc. $UBER

Econ Financial Services Corp lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 48.3% during the 1st quarter, Holdings Channel reports. The firm owned 27,148 shares of the ride-sharing company’s stock after selling 25,319 shares during the quarter. Econ Financial Services Corp’s holdings in Uber Technologies were worth $1,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Osbon Capital Management LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Finally, Ares Financial Consulting LLC purchased a new position in Uber Technologies during the 4th quarter valued at approximately $28,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies News Summary

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
• Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
• Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
• Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber’s Robotaxi Vision Could Take Years To Play Out: Analyst
• Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
• Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
• Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber’s robotaxi vision could take years to play out: Analyst

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. Wells Fargo & Company raised their target price on shares of Uber Technologies from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. TD Cowen began coverage on shares of Uber Technologies in a research report on Monday, May 11th. They issued a “hold” rating on the stock. Finally, Piper Sandler boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $104.97.

Uber Technologies Trading Up 5.3%

UBER opened at $76.09 on Friday. The stock has a 50-day moving average of $73.40 and a 200 day moving average of $76.11. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The firm has a market cap of $154.90 billion, a P/E ratio of 18.98, a P/E/G ratio of 6.14 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 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 company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Uber Technologies 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.