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UBER
LONGUBER TECHNOLOGIES INC
Funds
4
Score
5.00
vs SPY
-18.4%
Stock return (since Q-end)
-2.1%
SPY return (since Q-end)
+16.3%
Current price
$70.40
News Summary
PositiveUber delivered a strong Q1 2026 earnings beat with 20% trip growth, record operating income of $1.9B, and raised Q2 guidance (31-38% EPS growth). The company is aggressively expanding into autonomous vehicles (targeting 15 cities by year-end) and scaling Uber One (50M members driving half of bookings), while simultaneously pursuing major M&A including a €33/share bid for Delivery Hero and acquisitions of Getir and Blacklane. However, the Delivery Hero acquisition at current bid price faces significant execution risk requiring material upward revision.
Red flags
- •Delivery Hero acquisition at €33/share likely insufficient—analyst consensus suggests material upward revision needed due to competing shareholder interests and activist pressure
- •Rapid accumulation of Delivery Hero stake (36.83%) approaching mandatory offer threshold creates regulatory/legal complexity and integration execution risk
- •Driver unionization in Massachusetts represents first officially recognized gig worker union in U.S., potential precedent for labor cost pressures and operational restrictions across other states
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Altimeter Capital | Brad Gerstner | 8.0M | +2.4M | $573.4B | +43% | Existing |
| Appaloosa LP | David Tepper | 6.3M | +4.5M | $455.5B | +242% | Existing |
| Glenview Capital | Larry Robbins | 1.5M | +748K | $104.7B | +106% | Existing |
| Point72 | Steve Cohen | 104K | +104K | $7.5B | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.