Baxter Bros Inc. Acquires New Shares in Uber Technologies, Inc. $UBER

Key Points

• Baxter Bros Inc. acquired 69,545 Uber shares during the second quarter, valued at approximately $5.02 million. Institutional investors and hedge funds collectively own 80.24% of Uber’s stock.
• Analyst sentiment remains broadly positive, with Uber receiving a “Moderate Buy” consensus rating and an average price target of $104.25, despite several firms recently lowering their targets.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion. The company is also expanding its autonomous-mobility and drone-delivery initiatives, though competition and partnership risks remain.

Baxter Bros Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,545 shares of the ride-sharing company's stock, valued at approximately $5,018,000.

Several other institutional investors also recently modified their holdings of UBER. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new position in Uber Technologies during the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies during the third quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

More Uber Technologies News

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. BNP Paribas Exane lowered shares of Uber Technologies to an "underweight" rating in a report on Monday, May 11th. Mizuho set a $112.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. DA Davidson lowered their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Barclays dropped their price objective on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Finally, Wedbush assumed coverage on Uber Technologies in a report on Thursday, July 16th. They set an "outperform" rating and a $91.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Down 0.4%

Uber Technologies stock opened at $74.71 on Wednesday. The company has a 50 day moving average of $72.49 and a 200-day moving average of $73.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The stock has a market capitalization of $152.61 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

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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