26,500 Shares in Uber Technologies, Inc. $UBER Bought by Formula Growth Ltd.

Formula Growth Ltd. acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,500 shares of the ride-sharing company's stock, valued at approximately $1,912,000.

A number of other institutional investors have also recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies in the third quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of Uber Technologies during the 1st quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
• Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
• Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
• Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
• Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Royal Bank Of Canada began coverage on Uber Technologies in a research report on Monday, May 11th. They issued an "outperform" rating for the company. Tigress Financial boosted their target price on Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, June 12th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. Finally, Evercore reiterated an "outperform" rating and set a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Down 2.1%

UBER opened at $76.81 on Friday. The company has a 50 day moving average of $73.58 and a 200 day moving average of $73.39. The company has a market cap of $156.90 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 6.32 and a beta of 1.13. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month 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.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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. The business had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current year.

Uber Technologies 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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