Maridea Wealth Management LLC Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Maridea Wealth Management purchased 15,644 Uber shares worth approximately $1.13 million in the second quarter. Institutional investors and hedge funds collectively own 80.24% of the company.
• Analysts maintain a broadly positive view, with a consensus rating of “Moderate Buy” and an average price target of $104.25, despite some recent target-price reductions.
• Uber is expanding its autonomous-transportation strategy through drone delivery with Zipline and a planned deployment of more than 2,000 Pony.ai robotaxis, although regulatory approval, adoption and profitability remain uncertain.

Maridea Wealth Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,644 shares of the ride-sharing company's stock, valued at approximately $1,129,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bridgewater Advisors Inc. purchased a new stake in Uber Technologies in the 2nd quarter valued at about $1,358,000. SFE Investment Counsel purchased a new position in Uber Technologies during the second quarter worth about $6,286,000. BIP Wealth LLC purchased a new position in Uber Technologies during the second quarter worth about $1,033,000. SWS Partners acquired a new stake in shares of Uber Technologies during the second quarter valued at about $3,373,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at about $8,539,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Thursday, August 6th. Tigress Financial lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday, June 12th. Wolfe Research set a $100.00 target price on Uber Technologies in a research report on Friday, May 29th. DA Davidson cut their target price on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, TD Cowen restated a "buy" rating and set a $118.00 price target on shares of Uber Technologies in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies News Summary

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Trading Down 1.5%

Shares of UBER stock opened at $74.80 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $152.78 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13. The company has a 50 day moving average price of $72.41 and a 200 day moving average price of $73.39. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source