16,142 Shares in Uber Technologies, Inc. $UBER Bought by Redwood Investment Management LLC

Key Points

• Redwood Investment Management purchased a new 16,142-share stake in Uber worth approximately $1.17 million during the second quarter. Institutional investors and hedge funds collectively own 80.24% of Uber’s outstanding shares.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $104.25. Recent moves included upgrades from Fox Advisors and Citizens JMP, though UBS downgraded the stock to “neutral.”
• Uber reported quarterly adjusted EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. Shares opened at $78.47, below the 52-week high of $101.99, as the company continues investing in autonomous-vehicle partnerships and its delivery platform.

Redwood Investment Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,142 shares of the ride-sharing company's stock, valued at approximately $1,165,000.

Other hedge funds also recently modified their holdings of the company. BIP Wealth LLC bought a new stake in Uber Technologies in the second quarter worth about $1,033,000. Pacer Advisors Inc. boosted its stake in Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock valued at $370,641,000 after acquiring an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Uber Technologies by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock valued at $37,025,000 after acquiring an additional 29,587 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,220,000. Finally, Weiss Asset Management LP increased its stake in shares of Uber Technologies by 465.5% during the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UBER shares. Fox Advisors raised Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. Citizens Jmp reiterated a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a research note on Tuesday. Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. UBS Group lowered Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Finally, Wedbush initiated coverage on Uber Technologies in a research note on Thursday, July 16th. They issued an "outperform" rating and a $91.00 price objective on the stock. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Stock Performance

NYSE:UBER opened at $78.47 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The firm has a market cap of $160.28 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 6.47 and a beta of 1.13. The business's fifty day moving average is $73.48 and its 200 day moving average is $73.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The business 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%.The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts predict that Uber Technologies, Inc. will post 3.39 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.

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