Hardy Reed LLC Invests $2.54 Million in Uber Technologies, Inc. $UBER

Key Points

• Hardy Reed LLC purchased 35,159 Uber shares in the second quarter, valued at approximately $2.54 million. Institutional investors and hedge funds collectively own 80.24% of Uber’s stock.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $104.25. Recent ratings included Evercore’s $150 target and JPMorgan’s increased $110 target, though UBS downgraded the stock to “Neutral.”
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. The company is also pursuing autonomous delivery and robotaxi partnerships, although their near-term financial impact remains uncertain.

Hardy Reed LLC purchased a new stake in 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 & Exchange Commission. The firm purchased 35,159 shares of the ride-sharing company's stock, valued at approximately $2,537,000.

Several other large investors have also recently bought and sold shares of UBER. Osbon Capital Management LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in Uber Technologies during the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on UBER. Evercore reiterated an "outperform" rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. UBS Group cut Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Needham & Company LLC reissued a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Price Performance

Shares of NYSE UBER opened at $74.80 on Tuesday. The company has a fifty day moving average price of $72.41 and a 200 day moving average price of $73.39. The firm has a market cap of $152.78 billion, a PE ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. 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 released 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. The firm 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%.The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts predict that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

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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