OVERSEA CHINESE BANKING Corp Ltd Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Oversea Chinese Banking Corp Ltd acquired 33,172 Uber shares worth approximately $2.5 million in the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $104.25.
• Uber is expanding its autonomous-vehicle strategy through partnerships with Baidu, Pony.ai and Verne, including driverless rides in Dubai and Zagreb. However, Tesla’s planned Cybercab rollout presents a longer-term risk to ride-hailing prices and margins.

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,172 shares of the ride-sharing company's stock, valued at approximately $2,503,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cadence Bank grew its holdings in Uber Technologies by 1.7% during the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after acquiring an additional 122 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of Uber Technologies by 3.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company's stock valued at $395,000 after purchasing an additional 139 shares in the last quarter. KPP Advisory Services LLC boosted its position in shares of Uber Technologies by 4.3% during the 4th quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company's stock valued at $278,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. grew its stake in Uber Technologies by 6.1% during the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock worth $203,000 after purchasing an additional 143 shares during the period. Finally, Avion Wealth increased its holdings in Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock worth $70,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.7%

Uber Technologies stock opened at $78.61 on Friday. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $101.99. The firm's 50-day simple moving average is $72.86 and its 200 day simple moving average is $73.31. The stock has a market cap of $160.57 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 6.29 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Sanford C. Bernstein cut their price target on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. TD Cowen reissued a "buy" rating and set a $118.00 target price on shares of Uber Technologies in a research note on Thursday, July 16th. Bank of America decreased their price target on shares of Uber Technologies from $104.00 to $103.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. Roth Capital reduced their price objective on Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Finally, Evercore restated an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

More Uber Technologies News

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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