HighTower Advisors LLC Acquires 98,794 Shares of Uber Technologies, Inc. $UBER

Key Points

• HighTower Advisors increased its Uber stake by 12.7% in the second quarter, buying 98,794 additional shares for a total of 874,865 shares valued at approximately $63.1 million.
• Institutional investors own 80.24% of Uber, with major positions held by California State Teachers Retirement System, Capital Research Global Investors, the Public Investment Fund, Geode Capital and Norges Bank.
• Uber reported second-quarter revenue growth of 12.2% year over year and EPS of $0.81, narrowly exceeding estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.49, while the company’s expansion into robotaxis and potential Delivery Hero acquisition provide growth opportunities alongside restructuring and financing concerns.

HighTower Advisors LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 874,865 shares of the ride-sharing company's stock after purchasing an additional 98,794 shares during the quarter. HighTower Advisors LLC's holdings in Uber Technologies were worth $63,130,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. California State Teachers Retirement System lifted its stake in Uber Technologies by 6,342.7% in the second quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company's stock valued at $14,395,651,000 after buying an additional 196,399,787 shares in the last quarter. Capital Research Global Investors increased its position in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares in the last quarter. Public Investment Fund bought a new stake in shares of Uber Technologies during the second quarter worth $5,256,173,439. Geode Capital Management LLC increased its position in shares of Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter worth $2,515,094,000. 80.24% of the stock is owned by institutional investors.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber and Wayve began the United Kingdom’s first supervised robotaxi rides in London. The launch gives Uber additional autonomous-vehicle exposure, expands its relationship with Wayve and could strengthen its position in the emerging robotaxi market. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly nearing a deal to acquire Delivery Hero’s food-delivery operations. The transaction could broaden Uber’s delivery scale and support bookings growth, although investors remain concerned about financing requirements and the performance of Uber’s shares. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?
• Neutral Sentiment: Uber is entering the European debt market with its first-ever euro-denominated bond offering. The financing may provide currency diversification and funding flexibility, but it also increases scrutiny of leverage as the company considers expansion. Uber taps European debt markets for first-ever euro bond offering
• Neutral Sentiment: Former Uber CEO Travis Kalanick is reportedly building Atoms around robotaxi technology, potentially with former Uber autonomous-driving personnel. The venture could intensify competition, though it also validates the market Uber is pursuing. Former Uber CEO Travis Kalanick is returning to the robotaxi race
• Neutral Sentiment: Japan’s Go is targeting expansion in Asia and robotaxis and does not view Uber as a major threat in Japan. The comments highlight Uber’s limited position in a distinctive market but suggest competition could increase as regional mobility technology develops. Japan’s Go President Eyes Expansion in Asia, Robotaxis
• Negative Sentiment: Reports that Uber plans to exit Nigeria and Uganda and reduce its workforce by 10% raise concerns about slower international growth and restructuring costs. The moves may improve efficiency, but they signal pressure to prioritize profitability and could weigh on sentiment. Uber to shut down operations in Nigeria, Uganda, and reduce 10% of its workforce

Uber Technologies Stock Performance

Shares of UBER opened at $75.75 on Tuesday. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The firm has a fifty day simple moving average of $74.05 and a 200 day simple moving average of $73.63. The stock has a market capitalization of $154.72 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 6.00 and a beta of 1.16. 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 issued 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 firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts forecast that Uber Technologies, Inc. will post 3.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on UBER shares. BTIG Research reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Thursday, September 3rd. Bank of America dropped their price target on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. Macquarie Infrastructure upgraded Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Evercore restated an "outperform" rating and issued a $150.00 price target on shares of Uber Technologies in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Uber Technologies in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $104.49.

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.

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.