Axxcess Wealth Management LLC Invests $3.48 Million in Uber Technologies, Inc. $UBER

Key Points

• Axxcess Wealth Management acquired 48,242 Uber shares worth approximately $3.48 million in the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber is expanding its autonomous-vehicle strategy through partnerships with Pony.ai in Europe and Hinomaru Kotsu in Japan, though the planned robotaxi deployments are not expected to generate immediate revenue.
• Uber exceeded quarterly earnings expectations with EPS of $0.81, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $104.25, although a cybersecurity incident at Uber Freight remains a risk.

Axxcess Wealth Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,242 shares of the ride-sharing company's stock, valued at approximately $3,481,000.

Several other hedge funds have also bought and sold shares of UBER. Pacer Advisors Inc. boosted its stake in Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after acquiring an additional 985,989 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 1,670,761 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock valued at $37,025,000 after purchasing an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,220,000. Finally, Weiss Asset Management LP boosted 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 in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

Uber Technologies Price Performance

Shares of NYSE UBER opened at $75.88 on Friday. The company has a market cap of $154.99 billion, a PE ratio of 16.68, a P/E/G ratio of 6.23 and a beta of 1.13. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The stock has a fifty day moving average price of $72.31 and a 200 day moving average price of $73.49. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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 company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. 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 year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. The Goldman Sachs Group set a $100.00 price target on shares of Uber Technologies in a report on Monday, June 29th. Barclays decreased their price objective on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada assumed coverage on Uber Technologies in a research note on Monday, May 11th. They set an "outperform" rating on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a research note on Thursday. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $104.25.

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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