HighTower Advisors LLC Buys 98,794 Shares of Uber Technologies, Inc. $UBER

HighTower Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 12.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 874,865 shares of the ride-sharing company’s stock after acquiring an additional 98,794 shares during the period. HighTower Advisors LLC’s holdings in Uber Technologies were worth $63,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. California State Teachers Retirement System raised its position in Uber Technologies by 6,342.7% during the second quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company’s stock worth $14,395,651,000 after acquiring an additional 196,399,787 shares in the last quarter. Public Investment Fund bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $5,256,173,439. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Legal & General Group Plc bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $943,167,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $752,151,000. 80.24% of the stock is owned by institutional investors.

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 Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Sanford C. Bernstein dropped their target price on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Rosenblatt Securities assumed coverage on Uber Technologies in a research note on Tuesday, September 1st. They issued a “buy” rating and a $100.00 price objective on the stock. Bank of America dropped their price objective on Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.49.

Uber Technologies Stock Down 0.0%

Uber Technologies stock opened at $75.75 on Tuesday. The stock has a market cap of $154.72 billion, a P/E ratio of 16.65, a P/E/G ratio of 6.00 and a beta of 1.16. 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 twelve month low of $65.41 and a twelve month high of $101.99. The company’s 50-day moving average price is $74.05 and its two-hundred day moving average price is $73.63.

Uber Technologies (NYSE:UBER) last posted 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. The company had revenue of $14.19 billion during 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%.During the same quarter last year, the firm earned $0.60 earnings per share. The company’s 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. As a group, analysts expect that Uber Technologies, Inc. will post 3.45 EPS for the current 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.