112,947 Shares in Uber Technologies, Inc. $UBER Acquired by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors acquired 112,947 Uber shares worth approximately $8.15 million during the second quarter. Institutional investors and hedge funds collectively own 80.24% of Uber’s stock.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $104.25, despite some firms lowering targets or downgrading the shares.
• Uber’s latest quarterly results slightly exceeded EPS estimates at $0.81, while revenue rose 12.2% year over year to $14.19 billion. The company is also expanding autonomous mobility and drone-delivery partnerships, though competition and execution risks remain.

Pallas Capital Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,947 shares of the ride-sharing company's stock, valued at approximately $8,150,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the 3rd quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $25,000. Imprint Wealth LLC purchased a new position in Uber Technologies in the 3rd quarter worth about $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on UBER. Truist Financial upped their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Raymond James Financial upgraded shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Bank of America reduced their price target 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. BNP Paribas Exane cut shares of Uber Technologies to an "underweight" rating in a research report on Monday, May 11th. Finally, Sanford C. Bernstein decreased their price objective on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies News Roundup

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Uber Technologies Trading Down 0.4%

NYSE UBER opened at $74.71 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The firm's fifty day simple moving average is $72.49 and its 200-day simple moving average is $73.35. The company has a market capitalization of $152.61 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (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 during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The business'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. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

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.

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