56,103 Shares in Uber Technologies, Inc. $UBER Acquired by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual acquired 56,103 Uber shares worth approximately $4.05 million during the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber is expanding beyond traditional ride-hailing through autonomous-vehicle and drone-delivery partnerships, including its first European robotaxi launch in Zagreb and a Zipline collaboration targeting one million daily drone deliveries by 2029.
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue grew 12.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $104.25, although Tesla’s planned Cybercab rollout presents a longer-term margin risk.

Banco BTG Pactual S.A. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 56,103 shares of the ride-sharing company's stock, valued at approximately $4,048,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after buying an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC boosted its position in Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp increased its stake in shares of Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies News Summary

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Guggenheim reaffirmed a "buy" rating and set a $125.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. Sanford C. Bernstein lowered their price objective on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. TD Cowen reissued a "buy" rating and issued a $118.00 target price on shares of Uber Technologies in a report on Thursday, July 16th. HSBC downgraded Uber Technologies to a "reduce" rating in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Up 4.4%

Shares of NYSE:UBER opened at $77.93 on Thursday. The business's 50 day simple moving average is $72.68 and its two-hundred day simple moving average is $73.32. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $159.18 billion, a P/E ratio of 17.13, a PEG ratio of 6.01 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 43.36% and a net margin of 17.34%.The business's revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source