L2 Asset Management LLC Takes $885,000 Position in Uber Technologies, Inc. $UBER

L2 Asset Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,267 shares of the ride-sharing company’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. BIP Wealth LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $1,033,000. Pacer Advisors Inc. raised its position in Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after purchasing an additional 985,989 shares during the period. PNC Financial Services Group Inc. raised its position in Uber Technologies by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after purchasing an additional 29,587 shares during the period. Mach 1 Financial Group LLC acquired a new position in Uber Technologies during the fourth quarter worth $1,220,000. Finally, Weiss Asset Management LP boosted its position in shares of Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after buying an additional 51,465 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.6%

Uber Technologies stock opened at $79.27 on Tuesday. The firm has a market capitalization of $161.92 billion, a P/E ratio of 17.42, a P/E/G ratio of 6.35 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The stock’s fifty day simple moving average is $73.19 and its 200-day simple moving average is $73.31.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period last year, the business posted $0.60 earnings per share. Uber Technologies’s revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UBER. Bank of America cut their price objective on Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Roth Capital lowered their target price on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. Jefferies Financial Group lifted their target price on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Cantor Fitzgerald cut their price target on shares of Uber Technologies from $98.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price target on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.25.

Uber Technologies News Roundup

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

• Positive Sentiment: Robotaxi expansion in Dubai: Fully driverless Baidu Apollo Go vehicles have begun operating in Dubai under Uber’s multi-year strategic partnership. The launch strengthens Uber’s autonomous-vehicle strategy and could eventually improve service availability and long-term margins. Uber’s Robotaxi Push Gains Pace in Dubai: Baidu’s Vehicles Debut
• Positive Sentiment: PGA TOUR partnership: Uber became the PGA TOUR’s official rideshare sponsor, while Uber Eats was named its official on-demand food-delivery sponsor. The agreement provides brand visibility and potential demand from events and fans. PGA TOUR taps Uber as official sponsor
• Positive Sentiment: India road-trip partnership: Zoomcar users can now compare and book Uber Intercity chauffeur-driven rides alongside self-drive rentals. The arrangement may expand Uber’s travel-related customer acquisition and booking opportunities in India. Zoomcar and Uber partner to give travelers more ways to plan road trips
• Neutral Sentiment: Analyst and institutional support: Uber retains a broadly favorable analyst view, with a reported median price target of $109.50. Bill Ackman’s Pershing Square also accumulated a large Uber position in the second quarter, though institutional ownership changes were mixed.
• Negative Sentiment: €824.99 million Dutch GDPR fine: The Dutch data-protection regulator said Uber used automated systems to suspend or permanently deactivate drivers based on conduct and customer-feedback data. The penalty—reported at roughly $966 million—could pressure earnings, raise compliance costs, and increase regulatory scrutiny across Europe. Dutch regulator fines Uber €824.99m

Uber Technologies Profile

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.