Canvas Wealth Advisors LLC Buys 39,082 Shares of Uber Technologies, Inc. $UBER

Key Points

• Canvas Wealth Advisors increased its Uber stake by 19.5% in the second quarter, buying 39,082 additional shares for a total of 239,173 shares valued at approximately $17.3 million.
• Uber’s latest quarter showed adjusted EPS of $0.81 and revenue growth of 12.2% year over year to $14.19 billion. The company guided for third-quarter EPS of $0.84–$0.88, while Uber Eats expanded its retail delivery network through a point-of-sale integration.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and $104.25 price target. The stock recently traded at $78.46, below its 52-week high of $101.99.

Canvas Wealth Advisors LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 239,173 shares of the ride-sharing company's stock after purchasing an additional 39,082 shares during the period. Uber Technologies accounts for approximately 2.4% of Canvas Wealth Advisors LLC's investment portfolio, making the stock its 11th largest holding. Canvas Wealth Advisors LLC's holdings in Uber Technologies were worth $17,259,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UBER. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Marshall Wace LLP raised its stake in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock worth $776,883,000 after acquiring an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new stake in Uber Technologies during the first quarter valued at approximately $222,983,000. 80.24% of the stock is currently owned by institutional investors.

More Uber Technologies News

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

• Positive Sentiment: Jefferies added Uber to its “Franchise Picks” list and raised its price target to $110 from $100, citing strong earnings, investor meetings and an increasingly favorable outlook for the ride-hailing and delivery businesses. Jefferies adds Uber to Franchise Picks
• Positive Sentiment: Recent quarterly results showed adjusted earnings of $0.81 per share, slightly ahead of expectations, while revenue increased 12.2% year over year to $14.19 billion. Uber also issued third-quarter EPS guidance of $0.84-$0.88, and analysts continue to point to bookings growth across Mobility and Delivery. Uber Q2 earnings analysis
• Positive Sentiment: Uber Eats expanded its retail reach through a direct point-of-sale integration with National Retail Solutions, allowing tens of thousands of independent U.S. and Canadian retailers to offer delivery with real-time inventory and automated order management. The agreement could support incremental delivery volume and merchant adoption. Uber Eats and NRS integration
• Positive Sentiment: From a technical perspective, UBER recently moved above its 200-day moving average, a signal some investors interpret as evidence of improving long-term momentum. Uber crosses 200-day moving average

Analysts Set New Price Targets

Several equities analysts have issued reports on UBER shares. KeyCorp cut their price target on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Evercore reiterated an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. TD Cowen reissued a "buy" rating and issued a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein dropped their target price on Uber Technologies from $110.00 to $95.00 and set an "outperform" 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 issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies Stock Up 0.6%

UBER stock opened at $78.46 on Wednesday. The firm has a 50 day moving average of $72.07 and a 200 day moving average of $73.57. The stock has a market capitalization of $160.27 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 6.91 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, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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. The company had revenue of $14.19 billion for 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 was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.08 earnings per share for the current year.

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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