Empowered Funds LLC Purchases New Holdings in Uber Technologies, Inc. $UBER

Empowered Funds LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 480,822 shares of the ride-sharing company's stock, valued at approximately $34,696,000.

Several other institutional investors also recently modified their holdings of UBER. Cadence Bank raised its stake in shares of Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock valued at $722,000 after purchasing an additional 122 shares in the last quarter. 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. KPP Advisory Services LLC boosted its position in shares of Uber Technologies by 4.3% during the 4th quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company's stock valued at $278,000 after acquiring an additional 140 shares in the last quarter. Stonebrook Private Inc. increased its stake in Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock valued at $203,000 after acquiring an additional 143 shares during the period. Finally, Avion Wealth raised its position in 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 purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. BMO Capital Markets restated an "outperform" rating on shares of Uber Technologies in a research report on Tuesday, August 4th. TD Cowen reaffirmed a "buy" rating and issued a $118.00 price target on shares of Uber Technologies in a research note on Thursday, July 16th. Wedbush assumed coverage on Uber Technologies in a research report on Thursday, July 16th. They issued an "outperform" rating and a $91.00 price target on the stock. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday. One 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. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies Stock Performance

NYSE UBER opened at $76.81 on Friday. The firm has a market cap of $156.90 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 6.32 and a beta of 1.13. The company has a 50 day moving average of $73.58 and a 200-day moving average of $73.39. 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, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

More Uber Technologies News

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

• Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
• Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
• Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
• Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
• Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today

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.

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.

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