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Stocks•10 May 2026•

1 min read

Institutional Investors Boost Uber Stakes Following Robust Q1 Earnings

Key Facts

1NWM Advisors LLC acquired a new position in UBER shares valued at approximately $2.89 million.

2NewEdge Wealth LLC increased its stake in Uber by 33.1%, bringing its total holdings to $21.1 million.

3Uber reported Q1 EPS of $0.72, exceeding estimates, with a 14.5% year-over-year revenue increase to $13.2 billion.

Institutional investors are significantly increasing their exposure to Uber Technologies following the company's impressive first-quarter financial performance. NWM Advisors LLC recently established a new position in UBER shares valued at approximately $2.89 million, while NewEdge Wealth LLC expanded its existing stake by 33.1%, bringing its total holdings to $21.1 million. This institutional accumulation follows a strong earnings report where Uber posted an EPS of $0.72, comfortably exceeding market estimates. Furthermore, the company reported a 14.5% year-over-year revenue increase, reaching a total of $13.2 billion. Analysts currently maintain a 'Moderate Buy' consensus on the stock, viewing the earnings beat as a catalyst for further growth. These strategic moves by major wealth managers signal growing confidence in Uber's long-term profitability and market leadership.