Aljian Capital Management LLC Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Aljian Capital Management initiated a position in Uber during the second quarter, purchasing 20,416 shares valued at approximately $1.47 million. Institutional investors and hedge funds collectively own 80.24% of Uber’s outstanding stock.
• Wall Street maintains a favorable view, with 33 Buy ratings, a Moderate Buy consensus, and an average price target of $104.25. Uber’s latest quarter included adjusted EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion.
• Uber is expanding its autonomous-mobility and delivery strategy through robotaxi and drone-delivery partnerships, but Tesla’s planned Cybercab rollout could create long-term pressure on ride-hailing prices and margins.

Aljian Capital Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,416 shares of the ride-sharing company's stock, valued at approximately $1,473,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Uber Technologies during the 4th quarter worth about $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Uber Technologies during the second quarter worth approximately $752,151,000. Marshall Wace LLP lifted its position in shares of Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Employees Provident Fund Board bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $222,983,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. Truist Financial lifted their target price on Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Mizuho set a $112.00 target price on Uber Technologies in a research report on Thursday, August 6th. Susquehanna dropped their target price on Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. Finally, DA Davidson cut their price target on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. One 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 stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies Stock Performance

Shares of UBER stock opened at $77.93 on Thursday. The stock has a market cap of $159.18 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 6.01 and a beta of 1.13. The stock has a 50-day moving average of $72.68 and a 200-day moving average of $73.32. 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 one year low of $65.41 and a one year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Trending Headlines about Uber Technologies

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

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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