Peak Asset Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 40,169 shares of the ride-sharing company's stock, valued at approximately $2,899,000.
Several other hedge funds have also recently bought and sold shares of UBER. BIP Wealth LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter worth about $1,033,000. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock valued at $370,641,000 after purchasing an additional 985,989 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Uber Technologies by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock valued at $37,025,000 after purchasing an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,220,000. Finally, Weiss Asset Management LP increased its stake in shares of Uber Technologies by 465.5% during the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Up 0.6%
UBER opened at $79.27 on Tuesday. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The business has a 50-day moving average of $73.19 and a two-hundred day moving average of $73.31. 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 stock has a market capitalization of $161.92 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13.
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, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for 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 company's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UBER shares. BNP Paribas Exane lowered Uber Technologies to an "underweight" rating in a research note on Monday, May 11th. HSBC cut Uber Technologies to a "reduce" rating in a report on Monday, May 11th. BMO Capital Markets reissued an "outperform" rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, Roth Capital cut their price objective on shares of Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research report 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 given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.25.
Read Our Latest Research Report on Uber Technologies
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion in Dubai: Fully driverless Baidu Apollo Go vehicles have begun operating in Dubai under Uber’s multi-year strategic partnership. The launch strengthens Uber’s autonomous-vehicle strategy and could eventually improve service availability and long-term margins. Uber's Robotaxi Push Gains Pace in Dubai: Baidu's Vehicles Debut
- Positive Sentiment: PGA TOUR partnership: Uber became the PGA TOUR’s official rideshare sponsor, while Uber Eats was named its official on-demand food-delivery sponsor. The agreement provides brand visibility and potential demand from events and fans. PGA TOUR taps Uber as official sponsor
- Positive Sentiment: India road-trip partnership: Zoomcar users can now compare and book Uber Intercity chauffeur-driven rides alongside self-drive rentals. The arrangement may expand Uber’s travel-related customer acquisition and booking opportunities in India. Zoomcar and Uber partner to give travelers more ways to plan road trips
- Neutral Sentiment: Analyst and institutional support: Uber retains a broadly favorable analyst view, with a reported median price target of $109.50. Bill Ackman’s Pershing Square also accumulated a large Uber position in the second quarter, though institutional ownership changes were mixed.
- Negative Sentiment: €824.99 million Dutch GDPR fine: The Dutch data-protection regulator said Uber used automated systems to suspend or permanently deactivate drivers based on conduct and customer-feedback data. The penalty—reported at roughly $966 million—could pressure earnings, raise compliance costs, and increase regulatory scrutiny across Europe. Dutch regulator fines Uber €824.99m
About Uber Technologies
(
Free Report)
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.
Further Reading
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