Monetta Financial Services Inc. Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Monetta Financial Services initiated a position in Uber, purchasing 13,000 shares valued at approximately $938,000. Institutional investors collectively own 80.24% of the company.
• Analysts remain broadly bullish, with 33 Buy ratings and an average price target of $104.25 versus Uber’s reported opening price of $78.98. Uber also exceeded quarterly EPS expectations and reported 12.2% year-over-year revenue growth.
• Uber’s growth opportunities include AI efficiency, autonomous-vehicle partnerships and a proposed Delivery Hero acquisition, but risks include integration costs, valuation concerns and an approximately $966 million Dutch regulatory fine related to driver deactivations.

Monetta Financial Services Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 13,000 shares of the ride-sharing company's stock, valued at approximately $938,000.

Several other large investors have also recently modified their holdings of UBER. Cadence Bank lifted its position in Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after buying an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Uber Technologies by 3.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company's stock valued at $395,000 after acquiring an additional 139 shares during the last quarter. KPP Advisory Services LLC raised its stake in shares of Uber Technologies by 4.3% in the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company's stock valued at $278,000 after acquiring an additional 140 shares during the period. Stonebrook Private Inc. raised its stake in shares of Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock valued at $203,000 after acquiring an additional 143 shares during the period. Finally, Avion Wealth lifted its holdings in shares of Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock worth $70,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on UBER shares. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a research note on Monday, May 11th. They set an "outperform" rating for the company. Cantor Fitzgerald decreased their price objective on shares of Uber Technologies from $98.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Mizuho set a $112.00 target price on Uber Technologies in a research report on Thursday, August 6th. Sanford C. Bernstein cut their target price on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. Finally, Wedbush started coverage on Uber Technologies in a research note on Thursday, July 16th. They set an "outperform" rating and a $91.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies News Roundup

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

Uber Technologies Trading Up 2.6%

NYSE UBER opened at $78.98 on Friday. The stock has a market cap of $161.32 billion, a PE ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The company's 50-day moving average price is $73.72 and its 200-day moving average price is $73.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 company 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 firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current 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.

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.

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