Brandywine Managers LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 29,354 shares of the ride-sharing company's stock, valued at approximately $2,118,000. Uber Technologies accounts for about 1.0% of Brandywine Managers LLC's investment portfolio, making the stock its 11th biggest holding.
A number of other large investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter worth $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $752,151,000. Marshall Wace LLP raised its stake in shares of Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after purchasing an additional 6,264,946 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $426,727,000. Finally, Employees Provident Fund Board bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $265,205,000. 80.24% of the stock is owned by institutional investors.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion in Dubai: Fully driverless Baidu Apollo Go vehicles have begun operating in Dubai under Uber’s multi-year strategic partnership. The launch strengthens Uber’s autonomous-vehicle strategy and could eventually improve service availability and long-term margins. Uber's Robotaxi Push Gains Pace in Dubai: Baidu's Vehicles Debut
- Positive Sentiment: PGA TOUR partnership: Uber became the PGA TOUR’s official rideshare sponsor, while Uber Eats was named its official on-demand food-delivery sponsor. The agreement provides brand visibility and potential demand from events and fans. PGA TOUR taps Uber as official sponsor
- Positive Sentiment: India road-trip partnership: Zoomcar users can now compare and book Uber Intercity chauffeur-driven rides alongside self-drive rentals. The arrangement may expand Uber’s travel-related customer acquisition and booking opportunities in India. Zoomcar and Uber partner to give travelers more ways to plan road trips
- Neutral Sentiment: Analyst and institutional support: Uber retains a broadly favorable analyst view, with a reported median price target of $109.50. Bill Ackman’s Pershing Square also accumulated a large Uber position in the second quarter, though institutional ownership changes were mixed.
- Negative Sentiment: €824.99 million Dutch GDPR fine: The Dutch data-protection regulator said Uber used automated systems to suspend or permanently deactivate drivers based on conduct and customer-feedback data. The penalty—reported at roughly $966 million—could pressure earnings, raise compliance costs, and increase regulatory scrutiny across Europe. Dutch regulator fines Uber €824.99m
Uber Technologies Stock Performance
Shares of UBER opened at $79.27 on Tuesday. The firm has a 50-day moving average of $73.19 and a 200-day moving average of $73.31. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The company has a market cap of $161.92 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. 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 data 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. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the business earned $0.60 EPS. Uber Technologies's revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on UBER shares. DA Davidson decreased their price objective on Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a research note on Thursday, August 13th. KeyCorp decreased their price target on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Mizuho set a $112.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Susquehanna lowered their price target on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.
Get Our Latest Research Report on UBER
Uber Technologies Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Uber Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.
While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
