Blue Whale Capital LLP Purchases New Shares in Uber Technologies, Inc. $UBER

Key Points

• Blue Whale Capital acquired 594,111 Uber shares during the second quarter, worth approximately $42.9 million. Uber now represents 1.4% of the firm’s portfolio and is its 19th-largest holding.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 80.24% of Uber’s outstanding shares. Major investors including Vanguard, Capital Research and Geode increased their positions.
• Uber exceeded quarterly EPS expectations, reporting $0.81 versus the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.25, though regulatory fines and scrutiny of pricing and driver-account practices pose risks.

Blue Whale Capital LLP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 594,111 shares of the ride-sharing company's stock, valued at approximately $42,871,000. Uber Technologies makes up 1.4% of Blue Whale Capital LLP's portfolio, making the stock its 19th largest position.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 0.9% in 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 during the last quarter. Capital Research Global Investors boosted its holdings in Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares in the last quarter. Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth about $2,515,094,000. Finally, Northern Trust Corp increased its stake in Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock valued at $1,911,301,000 after buying an additional 297,132 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 0.1%

UBER opened at $78.89 on Monday. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The company's 50-day moving average price is $73.06 and its two-hundred day moving average price is $73.30. The stock has a market cap of $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.35 and a beta of 1.13. 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 (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) 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 analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Uber Technologies News Summary

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

• Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
• Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
• Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
• Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
• Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
• Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Fox Advisors raised shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Uber Technologies in a research report on Tuesday, August 4th. BTIG Research reaffirmed a "buy" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, July 14th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. Finally, DA Davidson cut their price objective on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. One investment 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 company. Based on data from MarketBeat, Uber Technologies 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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