Equitable Holdings Inc. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 127,986 shares of the ride-sharing company’s stock, valued at approximately $9,235,000.
Several other institutional investors and hedge funds have also bought and sold shares of UBER. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies in the 3rd quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 2.1%
Shares of UBER stock opened at $76.81 on Friday. The firm has a market capitalization of $156.90 billion, a P/E ratio of 16.88, a P/E/G ratio of 6.32 and a beta of 1.13. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $73.58 and its 200 day simple moving average is $73.39.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
- Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
- Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
- Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
- Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
- Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
- Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. The Goldman Sachs Group set a $100.00 price objective on Uber Technologies in a research note on Monday, June 29th. HSBC cut Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.25.
View Our Latest Research Report on Uber Technologies
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.
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