California State Teachers Retirement System Grows Stake in Uber Technologies, Inc. $UBER

Key Points

• California State Teachers Retirement System increased its Uber stake by 6,342.7% in the second quarter, adding nearly 196.4 million shares to own 199.5 million shares, or 9.77% of the company, valued at approximately $14.4 billion.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue reached $14.19 billion and rose 12.2% year over year. Shares opened at $75.75, well below the average analyst price target of $104.49.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating. Key developments include expansion into supervised robotaxi rides with Wayve, a potential Delivery Hero acquisition, and reported plans to exit Nigeria and Uganda while reducing its workforce by 10%.

California State Teachers Retirement System raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6,342.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,496,278 shares of the ride-sharing company's stock after purchasing an additional 196,399,787 shares during the period. California State Teachers Retirement System owned 9.77% of Uber Technologies worth $14,395,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Cadence Bank grew its holdings in Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock valued at $722,000 after buying an additional 122 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Uber Technologies by 3.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company's stock worth $395,000 after acquiring an additional 139 shares during the period. Stonebrook Private Inc. lifted its holdings in shares of Uber Technologies by 6.1% during the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock worth $203,000 after acquiring an additional 143 shares during the period. Avion Wealth boosted its position in shares of Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock worth $70,000 after acquiring an additional 145 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Uber Technologies by 15.8% in the first quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company's stock worth $78,000 after acquiring an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $75.75 on Tuesday. The business's 50-day simple moving average is $74.05 and its 200 day simple moving average is $73.63. The company has a market cap of $154.72 billion, a P/E ratio of 16.65, a PEG ratio of 6.00 and a beta of 1.16. 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, Inc. has a one year low of $65.41 and a one year high of $101.99.

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 company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on UBER. Susquehanna dropped their price target on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. Macquarie Infrastructure upgraded shares of Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Evercore reissued an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. Piper Sandler restated an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $104.49.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber and Wayve began the United Kingdom’s first supervised robotaxi rides in London. The launch gives Uber additional autonomous-vehicle exposure, expands its relationship with Wayve and could strengthen its position in the emerging robotaxi market. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly nearing a deal to acquire Delivery Hero’s food-delivery operations. The transaction could broaden Uber’s delivery scale and support bookings growth, although investors remain concerned about financing requirements and the performance of Uber’s shares. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?
• Neutral Sentiment: Uber is entering the European debt market with its first-ever euro-denominated bond offering. The financing may provide currency diversification and funding flexibility, but it also increases scrutiny of leverage as the company considers expansion. Uber taps European debt markets for first-ever euro bond offering
• Neutral Sentiment: Former Uber CEO Travis Kalanick is reportedly building Atoms around robotaxi technology, potentially with former Uber autonomous-driving personnel. The venture could intensify competition, though it also validates the market Uber is pursuing. Former Uber CEO Travis Kalanick is returning to the robotaxi race
• Neutral Sentiment: Japan’s Go is targeting expansion in Asia and robotaxis and does not view Uber as a major threat in Japan. The comments highlight Uber’s limited position in a distinctive market but suggest competition could increase as regional mobility technology develops. Japan’s Go President Eyes Expansion in Asia, Robotaxis
• Negative Sentiment: Reports that Uber plans to exit Nigeria and Uganda and reduce its workforce by 10% raise concerns about slower international growth and restructuring costs. The moves may improve efficiency, but they signal pressure to prioritize profitability and could weigh on sentiment. Uber to shut down operations in Nigeria, Uganda, and reduce 10% of its workforce

Uber Technologies Company 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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