260,650 Shares in Uber Technologies, Inc. $UBER Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 260,650 shares of the ride-sharing company’s stock, valued at approximately $18,809,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies in the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $75.75 on Tuesday. The firm has a market capitalization of $154.72 billion, a P/E ratio of 16.65, a PEG ratio of 6.00 and a beta of 1.16. The stock has a fifty day moving average of $74.05 and a 200-day moving average of $73.63. 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 12-month low of $65.41 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last issued 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 business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 3.45 EPS for the current fiscal year.

Uber Technologies News Summary

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

• Positive Sentiment: Uber and Wayve began the United Kingdom’s first supervised robotaxi rides in London. The launch gives Uber additional autonomous-vehicle exposure, expands its relationship with Wayve and could strengthen its position in the emerging robotaxi market. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly nearing a deal to acquire Delivery Hero’s food-delivery operations. The transaction could broaden Uber’s delivery scale and support bookings growth, although investors remain concerned about financing requirements and the performance of Uber’s shares. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?
• Neutral Sentiment: Uber is entering the European debt market with its first-ever euro-denominated bond offering. The financing may provide currency diversification and funding flexibility, but it also increases scrutiny of leverage as the company considers expansion. Uber taps European debt markets for first-ever euro bond offering
• Neutral Sentiment: Former Uber CEO Travis Kalanick is reportedly building Atoms around robotaxi technology, potentially with former Uber autonomous-driving personnel. The venture could intensify competition, though it also validates the market Uber is pursuing. Former Uber CEO Travis Kalanick is returning to the robotaxi race
• Neutral Sentiment: Japan’s Go is targeting expansion in Asia and robotaxis and does not view Uber as a major threat in Japan. The comments highlight Uber’s limited position in a distinctive market but suggest competition could increase as regional mobility technology develops. Japan’s Go President Eyes Expansion in Asia, Robotaxis
• Negative Sentiment: Reports that Uber plans to exit Nigeria and Uganda and reduce its workforce by 10% raise concerns about slower international growth and restructuring costs. The moves may improve efficiency, but they signal pressure to prioritize profitability and could weigh on sentiment. Uber to shut down operations in Nigeria, Uganda, and reduce 10% of its workforce

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UBER. BMO Capital Markets set a $119.00 target price on Uber Technologies in a report on Thursday. Wells Fargo & Company reissued an “overweight” rating on shares of Uber Technologies in a research note on Wednesday, September 2nd. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. Finally, Wedbush began coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.49.

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.