Alyeska Investment Group L.P. Sells 2,629,190 Shares of Uber Technologies, Inc. $UBER

Key Points

• Alyeska Investment Group cut its Uber stake by 50.8% in the second quarter, selling 2,629,190 shares and retaining 2,541,735 shares valued at approximately $183.4 million.
• Institutional investors and hedge funds own approximately 80.24% of Uber’s outstanding stock, with several firms—including Pacer Advisors and Weiss Asset Management—adding to their positions.
• Uber has a “Moderate Buy” consensus rating and an average analyst price target of $104.25. The company recently exceeded quarterly EPS expectations, while its stock opened at $78.98 and remains below its 52-week high of $101.99.

Alyeska Investment Group L.P. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 50.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,541,735 shares of the ride-sharing company's stock after selling 2,629,190 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.12% of Uber Technologies worth $183,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. BIP Wealth LLC bought a new stake in Uber Technologies in the second quarter valued at approximately $1,033,000. Pacer Advisors Inc. raised its holdings in Uber Technologies by 23.7% during the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised 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 purchasing an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $1,220,000. Finally, Weiss Asset Management LP lifted its position in shares of 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 during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Uber Technologies News

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

• Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
• Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a research note on Monday, May 11th. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a report on Friday, May 29th. Roth Capital dropped their target price on shares of Uber Technologies from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Up 2.6%

Uber Technologies stock opened at $78.98 on Friday. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The firm has a market capitalization of $161.32 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. The firm's fifty day moving average price is $73.72 and its two-hundred day moving average price is $73.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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 net margin of 17.34% and a return on equity of 43.36%. The firm's revenue for the quarter 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. On average, equities research analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

About Uber Technologies

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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