Quantitative Investment Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 91,187 shares of the ride-sharing company’s stock, valued at approximately $6,580,000.
Other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $25,000. Imprint Wealth LLC acquired a new position in Uber Technologies during the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
Uber Technologies Stock Up 0.2%
Shares of NYSE:UBER opened at $78.98 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The stock’s fifty day simple moving average is $73.72 and its 200-day simple moving average is $73.43. The company has a market capitalization of $161.32 billion, a P/E ratio of 17.36, a P/E/G ratio of 6.35 and a beta of 1.13.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on UBER shares. UBS Group lowered Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. Truist Financial increased their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada began coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company cut their target price on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.
Read Our Latest Report on UBER
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
- Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
- Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
- Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
- Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine
About Uber Technologies
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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