Handelsbanken Fonder AB Cuts Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Handelsbanken Fonder reduced its Uber stake by 15.9% in the second quarter, selling 184,776 shares and retaining 980,731 shares valued at approximately $70.8 million.
• Analysts remain broadly positive, with Uber holding a consensus “Moderate Buy” rating and an average price target of $104.25, despite some target cuts and recent downgrades.
• Uber’s latest quarterly results slightly exceeded EPS expectations at $0.81, while revenue increased 12.2% year over year to $14.19 billion; autonomous-vehicle partnerships and continued cash generation remain key growth catalysts.

Handelsbanken Fonder AB cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 980,731 shares of the ride-sharing company's stock after selling 184,776 shares during the quarter. Handelsbanken Fonder AB's holdings in Uber Technologies were worth $70,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies during the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Mizuho set a $112.00 price objective on Uber Technologies in a report on Thursday. Barclays cut their target price on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Thursday. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. Finally, HSBC lowered Uber Technologies to a "reduce" rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Stock Performance

NYSE UBER opened at $77.85 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The stock has a market cap of $158.47 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 6.65 and a beta of 1.13. The business has a fifty day moving average of $71.94 and a 200-day moving average of $73.61. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 3.08 earnings per share for the current fiscal year.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Jefferies raised its price target: Jefferies added Uber to its “Franchise Picks” list and increased its target to $110 from $100, maintaining a Buy rating. The firm cited strong earnings and investor meetings, suggesting greater confidence in Uber’s growth outlook. Jefferies adds Uber to Franchise Picks
• Positive Sentiment: Quarterly results exceeded expectations: Uber reported adjusted EPS of $0.81 versus the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion. Management also provided a constructive bookings outlook, supporting the view that demand remains resilient. Uber Q2 earnings beat
• Positive Sentiment: Growth initiatives remain key catalysts: Uber’s earnings call highlighted continued expansion, cash generation and investments in autonomous-vehicle partnerships. These initiatives could broaden Uber’s long-term addressable market and improve operating leverage. Uber earnings call highlights
• Neutral Sentiment: International operations remain important: Analysts are evaluating Uber’s reliance on international revenue, which provides substantial growth potential but also exposes the company to currency movements, regulation and varying regional demand. Uber international revenue analysis
• Negative Sentiment: Near-term concerns remain: Although bookings trends are encouraging, commentary points to a softer EPS outlook and recent stock underperformance. Investors may therefore remain focused on whether growth investments translate into sustained earnings expansion. Uber investment outlook

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.

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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