NFJ Investment Group LLC Takes $3.65 Million Position in Uber Technologies, Inc. $UBER

Key Points

• NFJ Investment Group acquired 50,620 Uber shares worth approximately $3.65 million in the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion, just below expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $104.25 versus the stock’s reported price of $78.61.

NFJ Investment Group LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,620 shares of the ride-sharing company's stock, valued at approximately $3,653,000.

Several other institutional investors also recently added to or reduced their stakes in UBER. Vanguard Group Inc. grew its stake in Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock worth $15,729,142,000 after acquiring an additional 1,670,761 shares in the last quarter. Capital Research Global Investors raised 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 acquiring an additional 2,903,021 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp boosted its holdings in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $78.61 on Friday. The firm's fifty day simple moving average is $72.86 and its two-hundred day simple moving average is $73.31. The firm has a market capitalization of $160.57 billion, a P/E ratio of 17.28, a P/E/G ratio of 6.29 and a beta of 1.13. 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, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99.

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, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on UBER. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Sanford C. Bernstein decreased their target price on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a report on Wednesday. Truist Financial increased their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, Roth Capital cut their price target on Uber Technologies from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Robotaxi expansion in Dubai: Uber launched Baidu’s fully driverless Apollo Go vehicles on its platform in Dubai, creating what the companies described as the first global multi-partner autonomous network. The initiative strengthens Uber’s role as the marketplace connecting riders, autonomous fleets and local operators, without requiring Uber to build the vehicles itself. Uber Launches Baidu’s Fully Driverless Apollo Go in Dubai
• Positive Sentiment: Autonomous rides reach Europe: Uber, Pony.ai and Verne began offering autonomous rides in Zagreb, Croatia—the first European city where riders can book a self-driving vehicle through Uber’s app. The launch expands Uber’s long-term opportunity to participate in AV economics while relying on partners for vehicle technology and operations. Uber launches autonomous rides in Zagreb
• Positive Sentiment: Analyst and media support: Commentary comparing Uber with Lyft highlighted Uber’s stronger bookings growth, diversification and AV partnerships. Jim Cramer also remained bullish on Uber as a long-term holding, adding to the favorable sentiment around the stock. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: Portfolio rebalancing involving Aurora: Uber sold approximately $472 million of Aurora Innovation stock but continues to own more than 186 million shares. The sale provides liquidity and may realize gains, although it reduces Uber’s direct exposure to Aurora’s future upside. Uber Sells $472 Million of Aurora Stock
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing pricing and margins if autonomous vehicles reduce the cost of competing services. The risk is longer term, but it highlights potential disruption to Uber’s core marketplace economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft

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.

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