Washington Trust Advisors Inc. Sells 10,278 Shares of Uber Technologies, Inc. $UBER

Washington Trust Advisors Inc. trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,959 shares of the ride-sharing company’s stock after selling 10,278 shares during the period. Uber Technologies makes up about 1.5% of Washington Trust Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Washington Trust Advisors Inc.’s holdings in Uber Technologies were worth $19,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of UBER. Public Investment Fund acquired a new position in Uber Technologies in the second quarter valued at approximately $5,256,173,439. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter valued at $2,515,094,000. Legal & General Group Plc acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Uber Technologies in the 2nd quarter worth $752,151,000. Finally, Fundsmith LLP acquired a new stake in shares of Uber Technologies during the second quarter worth $645,338,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $75.75 on Monday. The stock has a 50 day simple moving average of $74.04 and a 200 day simple moving average of $73.60. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $154.72 billion, a PE ratio of 16.65, a P/E/G ratio of 6.00 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 3.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Rosenblatt Securities initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 1st. They issued a “buy” rating and a $100.00 price target on the stock. Susquehanna reduced their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a research note on Thursday, August 6th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. Finally, Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.49.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London’s first robotaxis
• Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
• Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
• Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees

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.