Florida Trust Wealth Management Co Sells 17,370 Shares of Uber Technologies, Inc. $UBER

Key Points

• Florida Trust Wealth Management reduced its Uber stake by 11.2%, selling 17,370 shares and retaining 137,089 shares valued at approximately $9.9 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion. Shares opened at $75.67, well below their 52-week high of $101.99.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $104.25. Growth catalysts include strong gross-bookings momentum and expanding autonomous-vehicle partnerships, though a reported Uber Freight cyber incident presents a risk.

Florida Trust Wealth Management Co cut its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 137,089 shares of the ride-sharing company's stock after selling 17,370 shares during the period. Florida Trust Wealth Management Co's holdings in Uber Technologies were worth $9,892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $2,515,094,000. Marshall Wace LLP lifted its position in Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock valued at $776,883,000 after acquiring an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board bought a new position in Uber Technologies in the 4th quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new stake in Uber Technologies during the 1st quarter valued at $222,983,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $75.67 on Friday. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The firm has a market capitalization of $154.55 billion, a P/E ratio of 16.63, a PEG ratio of 6.19 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. The company has a 50-day moving average price of $72.21 and a 200-day moving average price of $73.47.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 3.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. Mizuho set a $112.00 target price on Uber Technologies in a report on Thursday, August 6th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. Citigroup reaffirmed a "market outperform" rating on shares of Uber Technologies in a research report on Monday, June 22nd. UBS Group downgraded Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber's AV Ambitions in London Receive a Boost
• Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
• Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
• Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
• Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.

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.

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