Public Employees Retirement System of Ohio Buys New Position in Uber Technologies, Inc. $UBER

Key Points

• Public Employees Retirement System of Ohio purchased 754,144 Uber shares worth approximately $54.4 million in the second quarter. Institutional investors collectively own 80.24% of the company.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue rose 12.2% year over year to $14.19 billion. The stock opened at $76.81, with a market capitalization of roughly $156.9 billion.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $104.25, although some firms have recently reduced targets or downgraded the shares to neutral.

Public Employees Retirement System of Ohio bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 754,144 shares of the ride-sharing company's stock, valued at approximately $54,419,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cadence Bank lifted its holdings in shares of Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company's stock worth $722,000 after purchasing an additional 122 shares during the period. Hazlett Burt & Watson Inc. raised its position in 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 worth $395,000 after buying an additional 139 shares during the last quarter. KPP Advisory Services LLC raised its position in 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 worth $278,000 after buying an additional 140 shares during the last quarter. Stonebrook Private Inc. lifted its stake in Uber Technologies by 6.1% during the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock valued at $203,000 after acquiring an additional 143 shares during the period. Finally, Avion Wealth boosted its holdings in shares of Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock valued at $70,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER opened at $76.81 on Friday. 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's 50 day simple moving average is $73.58 and its 200-day simple moving average is $73.39. The company has a market cap of $156.90 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 6.32 and a beta of 1.13. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm's revenue 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, equities research analysts anticipate that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada initiated coverage on Uber Technologies in a research note on Monday, May 11th. They set an "outperform" rating for the company. Sanford C. Bernstein dropped their target price on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Mizuho set a $112.00 price target on Uber Technologies in a research report on Thursday, August 6th. UBS Group lowered shares of Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Finally, BTIG Research reissued a "buy" rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

More Uber Technologies News

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

• Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
• Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
• Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
• Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
• Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today

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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