Proficio Capital Partners LLC Takes $7.12 Million Position in Uber Technologies, Inc. $UBER

Proficio Capital Partners LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 98,703 shares of the ride-sharing company's stock, valued at approximately $7,122,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the third quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC bought a new position in Uber Technologies in the 3rd quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Uber Technologies News

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

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Analyst Upgrades and Downgrades

A number of brokerages have commented on UBER. Bank of America decreased their price objective on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings lowered Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. Piper Sandler reiterated an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Wedbush started coverage on Uber Technologies in a report on Thursday, July 16th. They set an "outperform" rating and a $91.00 price objective for the company. Finally, UBS Group downgraded shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Trading Down 2.3%

NYSE:UBER opened at $78.47 on Thursday. 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 1-year low of $65.41 and a 1-year high of $101.99. The firm has a market capitalization of $160.28 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 6.47 and a beta of 1.13. The business's 50-day moving average price is $73.48 and its two-hundred day moving average price is $73.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping 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%.The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

About Uber Technologies

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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