Citizens Financial Group Inc. RI Invests $11.84 Million in Uber Technologies, Inc. $UBER

Citizens Financial Group Inc. RI acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 164,057 shares of the ride-sharing company's stock, valued at approximately $11,838,000.

A number of other institutional investors have also made changes to their positions in the business. Osbon Capital Management LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 4.4%

Shares of UBER stock opened at $77.93 on Thursday. 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's 50-day moving average is $72.68 and its 200-day moving average is $73.32. The stock has a market cap of $159.18 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 6.01 and a beta of 1.13. 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 posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current year.

Uber Technologies News Roundup

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Susquehanna dropped their target price on Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Thursday, August 6th. Tigress Financial raised their price target on Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, June 12th. BTIG Research reaffirmed a "buy" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, July 14th. TD Cowen reaffirmed a "buy" rating and set a $118.00 price target on shares of Uber Technologies in a research report on Thursday, July 16th. Finally, Bank of America dropped their price objective on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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.

Add As Preferred Source