Stoneridge Investment Partners LLC Purchases New Stake in Uber Technologies, Inc. $UBER

Stoneridge Investment Partners LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,834 shares of the ride-sharing company’s stock, valued at approximately $1,184,000. Uber Technologies accounts for approximately 0.8% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 23rd largest position.

Other large investors have also recently bought and sold shares of the company. Avalon Trust Co acquired a new stake in Uber Technologies in the second quarter valued at $55,000. TFR Capital LLC. purchased a new stake in shares of Uber Technologies during the 2nd quarter worth $268,000. One Wealth Advisors LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth $391,000. Clearstead Trust LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth $1,210,000. Finally, Maridea Wealth Management LLC purchased a new position in shares of Uber Technologies in the 2nd quarter valued at about $1,129,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. Mizuho set a $112.00 price target on shares of Uber Technologies in a research report on Thursday, August 6th. Finally, UBS Group lowered 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 assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.25.

Uber Technologies Trading Down 1.5%

Shares of Uber Technologies stock opened at $74.80 on Tuesday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day moving average price of $72.41 and a 200 day moving average price of $73.39. The company has a market capitalization of $152.78 billion, a P/E ratio of 16.44, a P/E/G ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 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 for the quarter, compared to analysts’ expectations of $14.24 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Uber Technologies Company 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.