Gables Capital Management Inc. Buys Shares of 14,600 Uber Technologies, Inc. $UBER

Gables Capital Management Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,600 shares of the ride-sharing company's stock, valued at approximately $1,054,000.

Other institutional investors have also added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new position in Uber Technologies during the first quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 4.4%

NYSE UBER opened at $77.93 on Thursday. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. 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 stock's 50-day simple moving average is $72.68 and its two-hundred day simple moving average is $73.32. The company has a market capitalization 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 (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 the consensus estimate of $0.80 by $0.01. The firm 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 business's revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Susquehanna dropped 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. Citigroup restated a "market outperform" rating on shares of Uber Technologies in a research report on Wednesday. Barclays decreased their target price on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Finally, Tigress Financial upped their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, June 12th. One research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $104.25.

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

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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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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