Matters Capital LLC Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Matters Capital LLC initiated a $1.72 million Uber position by purchasing 23,835 shares in the second quarter, making Uber its 22nd-largest holding. Institutional investors collectively own 80.24% of Uber’s shares.
• Uber’s latest quarter showed EPS of $0.81, slightly ahead of estimates, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.25.
• Autonomous-vehicle expansion is a key growth catalyst, including new robotaxi launches and Nevada permits for up to 8,000 vehicles, but Uber faces risks from an €825 million Dutch data-protection fine and scrutiny over algorithmic pricing.

Matters Capital LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,835 shares of the ride-sharing company's stock, valued at approximately $1,720,000. Uber Technologies accounts for about 1.2% of Matters Capital LLC's portfolio, making the stock its 22nd largest position.

Several other large investors also recently modified their holdings of UBER. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares in the last quarter. Capital Research Global Investors grew its position in shares of Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the period. Geode Capital Management LLC grew its position in shares of Uber Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the period. Norges Bank bought a new stake in Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp increased its stake in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after purchasing an additional 297,132 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Roundup

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

• Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
• Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
• Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
• Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
• Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
• Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.

Uber Technologies Stock Up 0.4%

NYSE:UBER opened at $78.89 on Friday. The stock has a 50-day simple moving average of $73.06 and a 200 day simple moving average of $73.35. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a market cap of $161.14 billion, a PE ratio of 17.34, a PEG ratio of 6.35 and a beta of 1.13. 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 released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on UBER. Tigress Financial raised their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Piper Sandler reiterated an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Citizens Jmp reissued a "market outperform" rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. One 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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