Plato Investment Management Ltd Takes $3.58 Million Position in Uber Technologies, Inc. $UBER

Key Points

• Plato Investment Management acquired a new $3.58 million stake in Uber, purchasing 49,901 shares during the second quarter. Institutional investors and hedge funds collectively own 80.24% of the company.
• Analyst sentiment remains favorable: Uber has a consensus “Moderate Buy” rating and an average price target of $104.25, well above its reported opening price of $74.71.
• Uber’s latest quarterly results modestly exceeded earnings expectations, with EPS of $0.81 versus $0.80 expected, while revenue rose 12.2% year over year to $14.19 billion. The company is also expanding into drone delivery and robotaxis, though autonomous-vehicle competition could pressure future margins.

Plato Investment Management Ltd acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,901 shares of the ride-sharing company's stock, valued at approximately $3,580,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Osbon Capital Management LLC acquired a new position in Uber Technologies in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Uber Technologies in the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. US Capital Advisors set a $95.00 target price on Uber Technologies in a research report on Monday, May 11th. Guggenheim reaffirmed a "buy" rating and set a $125.00 price target on shares of Uber Technologies in a research report on Thursday, August 6th. Truist Financial raised their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. BTIG Research reiterated a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, July 14th. Finally, Tigress Financial boosted their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $104.25.

Uber Technologies News Summary

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Uber Technologies Stock Down 0.4%

UBER opened at $74.71 on Wednesday. The stock's fifty day simple moving average is $72.49 and its 200 day simple moving average is $73.35. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The stock has a market cap of $152.61 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 6.24 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The company'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. As a group, research analysts expect that Uber Technologies, Inc. will post 3.33 earnings per share for the current year.

Uber Technologies 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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