Bridgewater Advisors Inc. Acquires New Position in Uber Technologies, Inc. $UBER

Key Points

• Bridgewater Advisors acquired 18,965 Uber shares worth approximately $1.36 million during the second quarter. Institutional investors and hedge funds collectively own 80.24% of Uber’s outstanding stock.
• Uber is expanding its autonomous and delivery initiatives through a drone-delivery partnership and investment with Zipline, plus plans with Pony.ai to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The financial impact remains uncertain because regulatory approvals, vehicle availability and consumer adoption are still developing.
• Uber’s latest quarter showed 12.2% year-over-year revenue growth and EPS of $0.81, slightly above expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $104.25.

Bridgewater Advisors Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,965 shares of the ride-sharing company's stock, valued at approximately $1,358,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the 4th quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Key Uber Technologies News

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Stock Performance

Uber Technologies stock opened at $74.80 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The company has a market capitalization of $152.78 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. The stock has a fifty day moving average of $72.41 and a two-hundred day moving average of $73.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

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

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Bank of America decreased their target price on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. DA Davidson dropped their price target on 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 target on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Finally, Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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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