HB Wealth Management LLC Sells 20,011 Shares of Uber Technologies, Inc. $UBER

Key Points

• HB Wealth Management reduced its Uber position by 11.7%, selling 20,011 shares during the second quarter and retaining 151,147 shares valued at approximately $10.9 million.
• Institutional investors own 80.24% of Uber, while analysts maintain a “Moderate Buy” consensus with an average price target of $104.49.
• Uber recently exceeded quarterly EPS expectations, reporting $0.81 versus $0.80 forecast, although revenue of $14.19 billion fell slightly short of estimates; revenue still grew 12.2% year over year.

HB Wealth Management LLC lessened its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,147 shares of the ride-sharing company's stock after selling 20,011 shares during the quarter. HB Wealth Management LLC's holdings in Uber Technologies were worth $10,907,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $25,000. Imprint Wealth LLC acquired a new position in Uber Technologies during the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies during the fourth quarter worth $27,000. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBER. TD Cowen reiterated a "buy" rating and issued a $118.00 price target on shares of Uber Technologies in a research note on Thursday, July 16th. Sanford C. Bernstein reduced their price objective on shares of Uber Technologies from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Evercore restated an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. Barclays decreased their price objective on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Finally, Wolfe Research set a $100.00 target price on Uber Technologies in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.49.

Key Uber Technologies News

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

• Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London's first robotaxis
• Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
• Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
• Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees

Uber Technologies Price Performance

Shares of UBER opened at $75.75 on Monday. The company has a market cap of $154.72 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 6.00 and a beta of 1.16. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The company's fifty day simple moving average is $74.04 and its 200 day simple moving average is $73.60. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (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 analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 3.45 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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