Aberdeen Group plc Sells 49,796 Shares of Uber Technologies, Inc. $UBER

Aberdeen Group plc lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,826,247 shares of the ride-sharing company's stock after selling 49,796 shares during the quarter. Aberdeen Group plc owned 0.09% of Uber Technologies worth $131,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BCS Private Wealth Management Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter worth $242,000. Kornitzer Capital Management Inc. KS boosted its position in Uber Technologies by 1.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 135,511 shares of the ride-sharing company's stock valued at $9,778,000 after buying an additional 2,380 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Uber Technologies by 5.0% during the second quarter. Daiwa Securities Group Inc. now owns 444,641 shares of the ride-sharing company's stock worth $32,085,000 after buying an additional 21,255 shares during the last quarter. Associated Banc Corp increased its holdings in shares of Uber Technologies by 1.6% during the second quarter. Associated Banc Corp now owns 641,250 shares of the ride-sharing company's stock worth $46,273,000 after buying an additional 10,015 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its stake in shares of Uber Technologies by 4.7% in the 2nd quarter. Aviance Capital Partners LLC now owns 58,097 shares of the ride-sharing company's stock valued at $4,192,000 after acquiring an additional 2,611 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

More Uber Technologies News

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

• Positive Sentiment: Uber and Chinese autonomous-driving company Pony.ai expanded their partnership, targeting the deployment of more than 2,000 robotaxis across Europe. The plan builds on the existing Zagreb service and adds four additional European cities, with potential expansion into the Middle East. The initiative could give Uber a scalable path into autonomous mobility without owning the entire vehicle fleet. China's Pony.ai, Uber to jointly deploy over 2,000 robotaxis in Europe
• Positive Sentiment: Uber is also preparing a Tokyo robotaxi pilot for late 2026 with Japanese taxi operator Hinomaru Kotsu. The local partner will handle fleet operations, maintenance, charging and vehicle uptime, potentially helping Uber navigate Japan’s regulatory and operational requirements. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Several investment analyses argue that Uber’s valuation looks attractive after the stock’s recent weakness. Supporters point to continued market-share gains, improving margins and more than $58 billion in second-quarter gross bookings, with Mobility, Delivery and Freight all contributing to growth. Uber Stock Looks Cheap. Here’s Why.
• Neutral Sentiment: Uber CEO Dara Khosrowshahi highlighted Japan as an important market for both Delivery and Mobility, reinforcing management’s broader strategy of using regional partners to expand robotaxi services. However, the European rollout and Tokyo pilot remain future deployments rather than near-term revenue catalysts.
• Negative Sentiment: Uber Freight is investigating a cybersecurity incident involving unauthorized access to certain internal systems and code repositories. The company said Freight operations were not disrupted and that the incident was contained, but the potential scope of compromised data remains under review. Separately, investors continue to debate whether autonomous vehicles could eventually pressure Uber’s driver-based network economics, despite the company’s partnerships. Uber Freight investigates cyber incident after hackers claim million-file leak

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. HSBC downgraded Uber Technologies to a "reduce" rating in a report on Monday, May 11th. Needham & Company LLC restated a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. BTIG Research reiterated a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Finally, Raymond James Financial upgraded shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Performance

UBER stock opened at $75.88 on Monday. The stock has a 50-day moving average price of $72.31 and a 200-day moving average price of $73.43. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year 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. The firm has a market cap of $154.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to analyst estimates 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 for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.33 earnings per share 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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