Fundsmith LLP Acquires Shares of 8,943,151 Uber Technologies, Inc. $UBER

Key Points

• Fundsmith LLP acquired 8.94 million Uber shares worth approximately $645.3 million, making Uber its fifth-largest holding at 4.7% of the portfolio. Fundsmith owned about 0.44% of Uber at the end of the quarter.
• Institutional investors collectively own 80.24% of Uber’s stock, while analyst sentiment remains favorable: 33 analysts rate it a Buy, with a consensus “Moderate Buy” rating and an average price target of $104.25.
• Uber’s latest quarter showed adjusted EPS of $0.81 and revenue growth of 12.2% year over year, but investors face execution and regulatory risks, including its proposed Delivery Hero acquisition and a €825 million Dutch fine over automated driver deactivations.

Fundsmith LLP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,943,151 shares of the ride-sharing company's stock, valued at approximately $645,338,000. Uber Technologies accounts for about 4.7% of Fundsmith LLP's investment portfolio, making the stock its 5th biggest holding. Fundsmith LLP owned approximately 0.44% of Uber Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Investment Fund bought a new stake in Uber Technologies during the 2nd quarter valued at $5,256,173,439. Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth $2,515,094,000. Legal & General Group Plc bought a new stake in Uber Technologies in the 2nd quarter worth $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Uber Technologies in the second quarter valued at about $752,151,000. Finally, Marshall Wace LLP increased its position in shares of Uber Technologies by 1,462.2% in the fourth 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 during the period. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UBER shares. Guggenheim reiterated a "buy" rating and set a $125.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Roth Capital reduced their price target on Uber Technologies from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, August 10th. BNP Paribas Exane lowered Uber Technologies to an "underweight" rating in a research report on Monday, May 11th. Tigress Financial increased their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Finally, Evercore reiterated an "outperform" rating and issued a $150.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 5th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, Uber Technologies 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: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
• Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine

Uber Technologies Trading Up 0.2%

NYSE:UBER opened at $78.98 on Monday. The company has a 50-day moving average price of $73.72 and a 200-day moving average price of $73.43. 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. The stock has a market cap of $161.32 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 6.35 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. Uber Technologies'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. Equities analysts predict that Uber Technologies, Inc. will post 3.39 EPS 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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