Arizona State Retirement System Reduces Holdings in Uber Technologies, Inc. $UBER

Arizona State Retirement System lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,533 shares of the ride-sharing company’s stock after selling 46,220 shares during the period. Arizona State Retirement System’s holdings in Uber Technologies were worth $35,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cadence Bank grew its position in Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after acquiring an additional 122 shares during the period. Hazlett Burt & Watson Inc. raised its position in Uber Technologies by 3.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after purchasing an additional 139 shares during the period. Stonebrook Private Inc. raised its position in Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock valued at $203,000 after purchasing an additional 143 shares during the period. Avion Wealth lifted its stake in shares of Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after purchasing an additional 145 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Uber Technologies by 15.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company’s stock valued at $78,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 3.6%

UBER traded down $2.70 during mid-day trading on Tuesday, hitting $73.06. 25,806,669 shares of the stock were exchanged, compared to its average volume of 19,206,037. The firm’s fifty day moving average is $74.05 and its two-hundred day moving average is $73.63. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market cap of $149.22 billion, a PE ratio of 16.06, a PEG ratio of 6.00 and a beta of 1.16.

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. The company had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of a number of recent analyst reports. TD Cowen reissued a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Thursday, September 3rd. Barclays reduced their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.49.

Uber Technologies News Summary

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

• Positive Sentiment: Analyst support: Wedbush reaffirmed its “outperform” rating and set a $91 price target, implying substantial upside from the recent trading level. Tesla Cybercab vs. Uber: Who Wins the Robotaxi Race?
• Positive Sentiment: Insider buying: Director Andrew Macdonald purchased 70,000 shares for approximately $5.3 million, increasing his ownership by nearly 20%. The transaction may signal management confidence in Uber’s valuation and outlook. SEC insider purchase filing
• Positive Sentiment: Asset-light autonomous strategy: Uber and Wayve launched supervised autonomous rides in London with Ford, allowing Uber to participate in robotaxis without developing and owning a vehicle fleet. Strong free cash flow and expanding EBITDA margins support this partnership-based approach. Uber’s Wayve Deal Shows How It Wants to Win Without Building Cars
• Neutral Sentiment: Fundamentals versus valuation concerns: Recent coverage highlighted sharply improved profits and more than $10 billion in free cash flow, yet the stock has struggled to gain traction. Investors may be discounting the risk that autonomous vehicles disrupt Uber’s core marketplace before its partnerships generate meaningful returns. If Uber’s Fundamentals Have Dramatically Improved, Why Has the Stock Gone Nowhere?
• Negative Sentiment: Tesla robotaxi threat: Tesla’s Cybercab moving into commercial service, alongside regulatory progress for Tesla’s full-self-driving technology, intensified fears that Tesla could capture autonomous ride demand and weaken Uber’s competitive position. Uber Falls on Tesla Cybercab Threat
• Negative Sentiment: Execution and financing risks: Reports of planned exits from Nigeria and Uganda, a workforce reduction, potential Delivery Hero acquisition debt, and renewed robotaxi competition from former Uber CEO Travis Kalanick’s Atoms venture add uncertainty to Uber’s growth outlook.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Andrew Macdonald acquired 70,000 shares of the stock in a transaction dated Friday, September 4th. The stock was acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares in the company, valued at $32,327,845.60. This trade represents a 19.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.81% of the company’s stock.

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.