Cornerstone Capital Inc. Acquires Shares of 301,351 Uber Technologies, Inc. $UBER

Key Points

• Cornerstone Capital acquired 301,351 Uber shares worth approximately $21.7 million in the second quarter, making Uber its 23rd-largest holding and 1.9% of its portfolio.
• Institutional investors own 80.24% of Uber, while analysts maintain a “Moderate Buy” consensus with an average price target of $104.25, despite some recent target-price cuts and downgrades.
• Uber reported quarterly revenue growth of 12.2% year over year and EPS of $0.81, slightly beating estimates. Its drone-delivery and robotaxi partnerships offer longer-term growth potential, though regulatory and adoption risks remain.

Cornerstone Capital Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 301,351 shares of the ride-sharing company's stock, valued at approximately $21,745,000. Uber Technologies makes up 1.9% of Cornerstone Capital Inc.'s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cadence Bank raised its stake in Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after buying an additional 122 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in 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 valued at $395,000 after acquiring an additional 139 shares in the last quarter. Purus Wealth Management LLC grew its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Purus Wealth Management LLC now owns 4,206 shares of the ride-sharing company's stock worth $344,000 after acquiring an additional 140 shares during the period. KPP Advisory Services LLC raised its position in shares of Uber Technologies by 4.3% in the 4th quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company's stock worth $278,000 after acquiring an additional 140 shares in the last quarter. Finally, Stonebrook Private Inc. raised its position in shares of Uber Technologies by 6.1% in 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 in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBER. Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research report on Monday, June 22nd. Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 24th. Cantor Fitzgerald dropped their target price on shares of Uber Technologies from $98.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Susquehanna reduced their target price on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research report on Thursday, August 6th. Finally, HSBC lowered shares of Uber Technologies to a "reduce" rating in a research note on Monday, May 11th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies News Summary

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 Down 1.5%

Shares of NYSE:UBER opened at $74.80 on Tuesday. The stock has a fifty day simple moving average of $72.41 and a two-hundred day simple moving average of $73.39. The stock 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. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

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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