Jacobs & Co. CA Buys 22,250 Shares of Uber Technologies, Inc. $UBER

Key Points

• Jacobs & Co. CA increased its Uber stake by 17.4% in the second quarter, purchasing 22,250 additional shares for a total of 150,313 shares valued at approximately $10.85 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Analysts remain broadly positive, with Uber holding a “Moderate Buy” consensus rating and an average price target of $104.23, despite some target reductions. Shares opened at $74.94, well below the 52-week high of $101.99.
• Uber’s latest quarterly results slightly exceeded earnings expectations, reporting $0.81 EPS versus $0.80 expected, while revenue rose 12.2% year over year to $14.19 billion. The company is also pursuing autonomous-vehicle initiatives and expanding AI efficiency to support longer-term growth.

Jacobs & Co. CA boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,313 shares of the ride-sharing company's stock after purchasing an additional 22,250 shares during the quarter. Jacobs & Co. CA's holdings in Uber Technologies were worth $10,846,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC increased its stake in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Caxton Associates LLP acquired a new stake in Uber Technologies in the first quarter worth $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Uber Technologies in the second quarter worth $842,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their price target on shares of Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday. US Capital Advisors set a $95.00 price objective on Uber Technologies in a research note on Monday, May 11th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a report on Monday, June 29th. Finally, Truist Financial boosted their target price on Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $104.23.

Uber Technologies Stock Up 6.4%

Shares of Uber Technologies stock opened at $74.94 on Friday. The business's 50 day simple moving average is $71.86 and its 200 day simple moving average is $73.73. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The firm has a market cap of $152.56 billion, a PE ratio of 16.47, a P/E/G ratio of 6.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 0.84.

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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business's revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts predict that Uber Technologies, Inc. will post 3.08 earnings per share for the current fiscal year.

More Uber Technologies News

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

• Positive Sentiment: Analysts largely remained constructive after earnings. Guggenheim and Needham reaffirmed “Buy” ratings with price targets of $125 and $109, while Bernstein and Cantor Fitzgerald maintained positive ratings despite lowering their targets. Bank of America also kept a “Buy” rating and raised its earnings outlook, citing a valuation reset. Uber price target lowered by Bank of America
• Positive Sentiment: Uber’s push to scale its autonomous-vehicle ecosystem—including a reported plan to acquire up to 50,000 Rivian electric SUVs—helped support the longer-term growth narrative. Commentary from investor Gary Black and other market observers argued that Uber could be well positioned to benefit from robotaxi adoption without bearing the full cost of building a fleet. Uber Shares Jump as Analyst Commentary and Autonomous Delivery Push Drive Rally
• Positive Sentiment: Management said AI adoption has expanded sharply while engineering improvements are reducing the cost per token. The shift from heavy AI spending toward more efficient usage could improve productivity and limit future expense growth. Uber AI spending and tokenmaxxing
• Positive Sentiment: Uber entered a new senior unsecured term-loan credit facility, bolstering liquidity and financial flexibility as it invests in autonomous mobility and platform growth. Uber Secures New Credit Facilities to Bolster Liquidity

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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