Joseph P. Lucia & Associates LLC Acquires Shares of 17,174 Uber Technologies, Inc. $UBER

Joseph P. Lucia & Associates LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,174 shares of the ride-sharing company's stock, valued at approximately $1,239,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth about $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies during the 2nd quarter valued at approximately $752,151,000. Marshall Wace LLP lifted its position in Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after acquiring an additional 6,264,946 shares during the period. Employees Provident Fund Board acquired a new stake in Uber Technologies during the 4th quarter worth approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Uber Technologies in the 1st quarter valued at approximately $222,983,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Uber Technologies Stock Down 0.4%

Uber Technologies stock opened at $74.71 on Wednesday. The firm has a market capitalization of $152.61 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The stock's fifty day moving average is $72.49 and its two-hundred day moving average is $73.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during 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 revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts predict that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Royal Bank Of Canada initiated coverage on Uber Technologies in a report on Monday, May 11th. They issued an "outperform" rating on the stock. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. Finally, HSBC cut shares of Uber Technologies to a "reduce" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $104.25.

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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