Kimelman & Baird LLC Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Kimelman & Baird LLC bought 339,042 Uber shares in the second quarter, valued at approximately $24.5 million. Institutional investors and hedge funds collectively own 80.24% of Uber’s stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $104.25 price target. Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion.
• Uber’s growth opportunities include AI efficiency, robotaxi partnerships and the proposed €41.50-per-share acquisition of Delivery Hero, but risks include integration challenges and an €825 million Dutch regulatory fine over automated driver suspensions.

Kimelman & Baird LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 339,042 shares of the ride-sharing company's stock, valued at approximately $24,465,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Investment Fund bought a new position in Uber Technologies during the second quarter worth $5,256,173,439. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at $2,515,094,000. Legal & General Group Plc acquired a new stake in Uber Technologies during the second quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $752,151,000. Finally, Marshall Wace LLP increased its stake in Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Uber Technologies News

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

• Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
• Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a research report on Monday, May 11th. KeyCorp dropped their price objective on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Needham & Company LLC reiterated a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. BTIG Research reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, July 14th. Finally, Barclays reduced their price objective on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. One research 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 issued a Sell rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies Stock Performance

NYSE:UBER opened at $78.98 on Friday. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The stock has a market cap of $161.32 billion, a P/E ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $73.72 and its two-hundred day moving average price is $73.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business's quarterly 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. As a group, equities analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal 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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