Johnson Financial Group Inc. Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Johnson Financial Group purchased 16,187 Uber shares in the second quarter, valued at approximately $1.17 million. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber’s growth strategy is expanding beyond ride-hailing, with autonomous rides launched in Zagreb and a Zipline partnership targeting up to one million daily drone deliveries by 2029. Tesla’s planned Cybercab rollout remains a potential long-term threat to Uber’s pricing and margins.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $104.25. Uber recently posted adjusted EPS of $0.81, revenue growth of 12.2% year over year, and guided for third-quarter EPS of $0.84–$0.88.

Johnson Financial Group Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,187 shares of the ride-sharing company's stock, valued at approximately $1,168,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Cadence Bank boosted its position in Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after acquiring an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Uber Technologies by 3.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company's stock valued at $395,000 after acquiring an additional 139 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Uber Technologies by 4.3% in the 4th quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company's stock worth $278,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. lifted its stake in Uber Technologies by 6.1% in the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock worth $203,000 after purchasing an additional 143 shares in the last quarter. Finally, Avion Wealth lifted its stake in Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock worth $70,000 after purchasing an additional 145 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. TD Cowen restated a "buy" rating and issued a $118.00 price target on shares of Uber Technologies in a research report on Thursday, July 16th. Evercore reiterated an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 5th. Citizens Jmp reissued a "market outperform" rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. HSBC cut Uber Technologies to a "reduce" rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada assumed coverage on Uber Technologies in a research note on Monday, May 11th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Stock Up 4.4%

Shares of NYSE UBER opened at $77.93 on Thursday. The company has a 50 day simple moving average of $72.68 and a 200-day simple moving average of $73.32. The company has a market capitalization of $159.18 billion, a P/E ratio of 17.13, a P/E/G ratio of 6.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. 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 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 firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm's quarterly revenue was up 12.2% on a year-over-year basis. 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, equities research analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

About Uber Technologies

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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