Mmbg Investment Advisors CO. Invests $10.04 Million in Uber Technologies, Inc. $UBER

Key Points

• Mmbg Investment Advisors acquired 139,147 Uber shares worth approximately $10.04 million in the second quarter, making Uber its 26th-largest holding at about 0.8% of the portfolio. Institutional investors collectively own 80.24% of Uber.
• Uber’s growth strategy is expanding beyond traditional ride-hailing, with its first European autonomous-ride launch in Zagreb and a Zipline partnership targeting up to one million daily drone deliveries by 2029. Tesla’s planned Cybercab rollout remains a long-term risk to Uber’s pricing and margins.
• Uber shares were trading up 4.4% at $77.93, while analysts maintained a Moderate Buy consensus with an average price target of $104.25. The company recently beat quarterly EPS expectations by $0.01, and revenue rose 12.2% year over year.

Mmbg Investment Advisors CO. acquired a new position in shares of 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. The firm acquired 139,147 shares of the ride-sharing company's stock, valued at approximately $10,041,000. Uber Technologies makes up approximately 0.8% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 26th largest position.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock worth $15,729,142,000 after buying an additional 1,670,761 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 2.6% during the fourth 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 buying an additional 2,903,021 shares during the period. Geode Capital Management LLC boosted its position in Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies during the fourth quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp boosted its position in Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Stories Impacting 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

Uber Technologies Trading Up 4.4%

Shares of UBER stock opened at $77.93 on Thursday. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The stock has a market cap of $159.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 6.01 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 firm's 50 day moving average price is $72.68 and its two-hundred day moving average price is $73.32.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 return on equity of 43.36% and a net margin of 17.34%.The company 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 firm posted $0.60 earnings per share. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 3.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. Cantor Fitzgerald reduced their price target on Uber Technologies from $98.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Guggenheim reiterated a "buy" rating and set a $125.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. Jefferies Financial Group increased their price objective on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a report on Wednesday. Finally, Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" 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 given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

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