Cacti Asset Management LLC Grows Holdings in Uber Technologies, Inc. $UBER

Key Points

• Cacti Asset Management increased its Uber stake by 14.9% in the second quarter, adding 31,235 shares to hold 240,684 shares worth approximately $17.4 million. Institutional investors own about 80.24% of Uber’s outstanding stock.
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion, narrowly missing expectations. Shares opened at $78.98, with analysts maintaining a “Moderate Buy” consensus and an average price target of $104.25.
• Growth opportunities include expanding AI efficiency, robotaxi partnerships and the proposed Delivery Hero acquisition, but Uber faces execution and regulatory risks, including an €825 million Dutch fine related to automated driver suspensions.

Cacti Asset Management LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,684 shares of the ride-sharing company's stock after purchasing an additional 31,235 shares during the quarter. Uber Technologies accounts for approximately 0.9% of Cacti Asset Management LLC's investment portfolio, making the stock its 24th largest holding. Cacti Asset Management LLC's holdings in Uber Technologies were worth $17,368,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the third quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies during the 4th quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in Uber Technologies during the 4th quarter valued at about $25,000. Imprint Wealth LLC purchased a new stake in Uber Technologies in the 3rd quarter valued at about $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.6%

NYSE:UBER opened at $78.98 on Friday. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $161.32 billion, a P/E ratio of 17.36, a P/E/G ratio of 6.35 and a beta of 1.13. The firm has a 50-day simple moving average of $73.72 and a 200-day simple moving average of $73.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The company's revenue 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. Equities analysts anticipate that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research report on Monday, May 11th. BNP Paribas Exane lowered Uber Technologies to an "underweight" rating in a report on Monday, May 11th. Susquehanna dropped their price objective on Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Thursday, August 6th. Citigroup restated a "market outperform" rating on shares of Uber Technologies in a report on Wednesday, August 19th. Finally, Roth Capital decreased their target price on Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $104.25.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
• Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine

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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