Goodman Financial Corp purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 176,152 shares of the ride-sharing company’s stock, valued at approximately $12,670,000. Uber Technologies comprises 2.2% of Goodman Financial Corp’s holdings, making the stock its 23rd biggest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osbon Capital Management LLC bought a new stake in Uber Technologies in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies during the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on UBER. HSBC downgraded Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Wells Fargo & Company dropped their price objective on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, July 6th. Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. TD Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday. Finally, Truist Financial upped their target price on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.65.
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber’s planned acquisition of Delivery Hero is expected to nearly double its global delivery footprint, strengthen its international food-delivery business, and improve scale, pricing power and margin potential. Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
- Positive Sentiment: Uber Eats is also expanding beyond meals, with new retail delivery partnerships including GameStop, Foot Locker, Kids Foot Locker and Champs Sports, broadening the company’s delivery mix and potential transaction volume. Uber Eats Expands Retail Delivery Push With GameStop and Foot Locker Partnerships
- Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $91 price target, signaling confidence that Uber’s core business and new delivery consolidation could support further upside. Benzinga coverage of Wedbush initiation
- Neutral Sentiment: Reports also framed the deal as part of broader sector consolidation, with investors weighing whether the acquisition is a smart capital-allocation move versus the integration and regulatory risk that comes with such a large international transaction. Reuters: Uber launches $14.8 billion takeover bid for Delivery Hero
- Negative Sentiment: Some commentary notes the market may be cautious because the deal is large and expensive, and because investors are watching for dilution, execution risk and regulatory scrutiny before fully rewarding the stock. Barron’s: Uber Makes Biggest-Ever Deal With $15 Billion Acquisition and the Stock Isn’t Budging
Uber Technologies Stock Performance
Shares of UBER opened at $73.96 on Friday. The company has a 50-day simple moving average of $72.78 and a two-hundred day simple moving average of $75.16. 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 firm has a market capitalization of $150.55 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 6.18 and a beta of 1.12. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.28 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.
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.
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