Allen Capital Group LLC Makes New $3.51 Million Investment in Uber Technologies, Inc. $UBER

Key Points

• Allen Capital Group acquired 48,608 Uber shares worth approximately $3.51 million in the second quarter, while institutional investors collectively own 80.24% of the company.
• Uber reported quarterly EPS of $0.81, slightly ahead of estimates, while revenue rose 12.2% year over year to $14.19 billion. The company guided for third-quarter EPS of $0.84–$0.88.
• Analysts maintain a generally bullish view, with a consensus “Moderate Buy” rating and an average price target of $104.25 versus the stock’s recent price of $75.67. Autonomous-vehicle partnerships and strong gross-bookings growth are key potential catalysts, though cybersecurity and labor-related risks remain.

Allen Capital Group LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,608 shares of the ride-sharing company's stock, valued at approximately $3,508,000.

A number of other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after buying an additional 985,989 shares in the last quarter. Vanguard Group Inc. grew its stake in Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Uber Technologies by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock worth $37,025,000 after acquiring an additional 29,587 shares during the period. Mach 1 Financial Group LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $1,220,000. Finally, Weiss Asset Management LP lifted its stake in Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $75.67 on Friday. 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 capitalization of $154.55 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 6.19 and a beta of 1.13. The business's 50-day moving average price is $72.21 and its 200-day moving average price is $73.47. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping 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 company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Uber Technologies's quarterly 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. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Uber Technologies News Summary

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

• Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber's AV Ambitions in London Receive a Boost
• Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
• Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
• Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
• Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBER. Barclays decreased their price target on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. KeyCorp decreased their target price on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $109.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. 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 report on Thursday, August 6th. Finally, Fox Advisors raised Uber Technologies from a "hold" rating to an "outperform" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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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