National Pension Service Sells 17,311 Shares of Uber Technologies, Inc. $UBER

National Pension Service reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,555,765 shares of the ride-sharing company's stock after selling 17,311 shares during the quarter. National Pension Service owned approximately 0.22% of Uber Technologies worth $328,744,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of Uber Technologies by 6,342.7% in the 2nd quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company's stock worth $14,395,651,000 after acquiring an additional 196,399,787 shares in the last quarter. Public Investment Fund bought a new position in shares of Uber Technologies during the second quarter valued at about $5,256,173,439. Norges Bank purchased a new position in Uber Technologies during the fourth quarter worth about $2,515,094,000. Legal & General Group Plc purchased a new position in Uber Technologies during the second quarter worth about $943,167,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Uber Technologies in the 2nd quarter worth about $752,151,000. 80.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber’s first five-part euro bond sale raised approximately €4.5 billion. The proceeds are expected to support the company’s broader robotaxi strategy, giving Uber capital to expand autonomous-vehicle partnerships without building its own vehicles. Uber euro bond offering
• Positive Sentiment: Uber Eats expanded its grocery network through a partnership with Wakefern, adding more than 375 supermarkets—including ShopRite, Fairway Market and other regional banners—in the Northeast. The deal increases delivery density and could support continued growth beyond ride-hailing. Uber Eats and Wakefern partnership
• Positive Sentiment: President and COO Andrew Macdonald purchased 70,000 shares for roughly $5.3 million, increasing his direct ownership by nearly 20%. The insider purchase may signal confidence that Uber’s shares are undervalued. Uber insider purchase
• Neutral Sentiment: Scotiabank initiated coverage favoring scaled platforms Uber and DoorDash over Lyft, while Uber continues pursuing expansion in markets such as Hong Kong. These developments support its competitive position but do not immediately change earnings.
• Negative Sentiment: The bond financing increases funding capacity but also raises leverage and execution concerns, particularly because Uber is committing substantial capital to a robotaxi strategy whose returns remain uncertain.
• Negative Sentiment: Tesla’s commercial Cybercab rollout intensified fears that Tesla could capture autonomous-ride demand and economics before Uber’s partnerships scale. The competitive threat overshadowed Uber’s asset-light approach to robotaxis. Uber robotaxi competition

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. 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. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a report on Tuesday. BMO Capital Markets set a $119.00 price target on Uber Technologies in a report on Thursday, September 3rd. TD Cowen restated a "buy" rating and issued a $118.00 price objective on shares of Uber Technologies in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.37.

Insider Buying and Selling

In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of the business's stock in a transaction on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider directly owned 426,320 shares of the company's stock, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.81% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.11 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $74.04 and a two-hundred day simple moving average of $73.62. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company has a market capitalization of $145.24 billion, a P/E ratio of 15.63, a P/E/G ratio of 5.79 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating 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 firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business's revenue for the quarter 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, analysts expect that Uber Technologies, Inc. will post 3.45 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

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