Blodgett Wealth Advisors LLC Invests $1.99 Million in Uber Technologies, Inc. $UBER

Blodgett Wealth Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,555 shares of the ride-sharing company’s stock, valued at approximately $1,988,000. Uber Technologies comprises about 1.3% of Blodgett Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth about $2,515,094,000. Legal & General Group Plc bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies in the second quarter valued at about $752,151,000. Marshall Wace LLP increased its stake in shares of Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after buying an additional 6,264,946 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Uber Technologies during the second quarter worth about $426,727,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.3%

NYSE UBER opened at $78.47 on Thursday. The business has a 50 day simple moving average of $73.48 and a 200 day simple moving average of $73.38. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The stock has a market capitalization of $160.28 billion, a P/E ratio of 17.25, a P/E/G ratio of 6.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping 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 business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

More Uber Technologies News

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

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Bank of America decreased their target price on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Tuesday. Finally, UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

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.