50,584 Shares in Uber Technologies, Inc. $UBER Purchased by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management acquired 50,584 Uber shares worth approximately $3.65 million in the second quarter. Institutional investors and hedge funds collectively own 80.24% of Uber’s stock.
• Uber reported quarterly earnings of $0.81 per share, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. The stock opened at $74.71, well below its 52-week high of $101.99.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $104.25. Uber’s drone-delivery and robotaxi partnerships offer growth opportunities, though autonomous-vehicle competition could pressure future margins.

Perigon Wealth Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 50,584 shares of the ride-sharing company's stock, valued at approximately $3,650,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies during the third quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the 4th quarter worth $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 0.4%

NYSE UBER opened at $74.71 on Wednesday. The business has a fifty day moving average price of $72.49 and a two-hundred day moving average price of $73.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The stock has a market capitalization of $152.61 billion, a PE ratio of 16.42, a PEG ratio of 6.24 and a beta of 1.13.

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 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 for the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter last year, the business posted $0.60 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts expect that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

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.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Tigress Financial lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday, June 12th. TD Cowen restated a "buy" rating and issued a $118.00 price target on shares of Uber Technologies in a research report on Thursday, July 16th. DA Davidson dropped their price target on Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Fox Advisors raised Uber Technologies from a "hold" rating to an "outperform" rating in a research note on Monday, May 11th. Finally, Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

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.

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