Azimuth Capital Investment Management LLC Has $8.54 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Azimuth Capital Investment Management reduced its Uber position by 14.1% in the second quarter, selling 19,436 shares and retaining 118,414 shares valued at approximately $8.54 million. Institutional investors collectively own 80.24% of Uber stock.
• Uber reported quarterly EPS of $0.81, slightly beating expectations, while revenue rose 12.2% year over year to $14.19 billion. The stock opened at $75.75, well below its 52-week high of $101.99.
• Analyst sentiment remains favorable: Uber has a “Moderate Buy” consensus rating and an average price target of $104.49, with several firms recently raising ratings or price targets.

Azimuth Capital Investment Management LLC cut its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,414 shares of the ride-sharing company's stock after selling 19,436 shares during the period. Azimuth Capital Investment Management LLC's holdings in Uber Technologies were worth $8,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Public Investment Fund bought a new position in Uber Technologies in the 2nd quarter valued at about $5,256,173,439. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $2,515,094,000. Legal & General Group Plc bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Uber Technologies during the second quarter worth $752,151,000. Finally, Fundsmith LLP purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $645,338,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 0.3%

Shares of Uber Technologies stock opened at $75.75 on Friday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company has a 50 day simple moving average of $74.04 and a two-hundred day simple moving average of $73.57. The firm has a market cap of $154.72 billion, a PE ratio of 16.65, a PEG ratio of 6.10 and a beta of 1.16. 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, beating analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for 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%.The company's revenue for the quarter was up 12.2% on a year-over-year basis. 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. Analysts expect that Uber Technologies, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Piper Sandler reissued an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Tigress Financial raised their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Finally, Fox Advisors upgraded Uber Technologies from a "hold" rating to an "outperform" rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.49.

More Uber Technologies News

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

• Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London's first robotaxis
• Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
• Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
• Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees

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.

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.

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