QRG Capital Management Inc. Grows Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• QRG Capital Management increased its Uber stake by 6.7% in the second quarter, purchasing 22,320 additional shares and bringing its holdings to 355,500 shares valued at approximately $25.7 million. Institutional investors collectively own 80.24% of Uber.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $103.03, despite targets ranging from $100 to $112.
• Uber reported quarterly EPS of $0.81, slightly beating estimates, while revenue reached $14.19 billion and rose 12.2% year over year. CEO Dara Khosrowshahi also purchased 141,000 shares, although another insider sold 28,170 shares.

QRG Capital Management Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,500 shares of the ride-sharing company's stock after purchasing an additional 22,320 shares during the period. QRG Capital Management Inc.'s holdings in Uber Technologies were worth $25,653,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UBER. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $25,000. Gould Capital LLC raised its position in shares of Uber Technologies by 245.0% during the 4th quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company's stock worth $28,000 after acquiring an additional 245 shares in the last quarter. Finally, Dunhill Financial LLC purchased a new stake in Uber Technologies during the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UBER shares. Bank of America lowered their price target on Uber Technologies from $104.00 to $103.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. Wells Fargo & Company restated an "overweight" rating on shares of Uber Technologies in a report on Wednesday, September 2nd. Rosenblatt Securities initiated coverage on shares of Uber Technologies in a report on Tuesday, September 1st. They issued a "buy" rating and a $100.00 target price for the company. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $103.03.

Uber Technologies Stock Performance

Shares of UBER traded down $0.47 during mid-day trading on Wednesday, hitting $69.42. 17,974,823 shares of the company's stock were exchanged, compared to its average volume of 19,350,664. 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 fifty-two week low of $65.41 and a fifty-two week high of $101.29. The business's 50 day moving average is $73.58 and its two-hundred day moving average is $73.44. The firm has a market capitalization of $141.80 billion, a P/E ratio of 15.26, a P/E/G ratio of 5.77 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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 firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 3.35 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi purchased 141,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider directly owned 149,525 shares of the company's stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.81% of the company's stock.

More Uber Technologies News

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

• Positive Sentiment: Strong underlying business performance supports the valuation. Uber’s second-quarter gross bookings reportedly increased 22% in constant currency, while trailing free cash flow surpassed $10 billion. The company’s diversified rides, delivery, and freight operations may make the recent market-value decline look excessive to value-oriented investors. Here is Why Uber Is a Good Investment at Today’s Price
• Positive Sentiment: Delivery Hero deal is progressing. Delivery Hero’s boards have recommended Uber’s approximately $15 billion offer, potentially expanding Uber’s delivery platform to 99 markets. Analysts view the transaction as a way to increase global scale and logistics opportunities, though it still requires regulatory approvals. Why Is Uber Back in Focus After Its Deal Progress?
• Positive Sentiment: Uber Freight is investing in European growth. A new Krakow hub and a reported multi-year commitment are intended to expand Uber Freight’s fourth-party logistics capabilities across Europe, supporting longer-term diversification beyond ridesharing. Uber Freight Makes a Significant Multi-Year Bet on Europe
• Neutral Sentiment: The Delivery Hero transaction faces regulatory scrutiny. Uber has filed for regulatory review, and South Korean antitrust authorities are examining the proposed acquisition. Approval could unlock growth, but delays, conditions, or a blocked deal would reduce the expected benefits. Uber’s Delivery Hero Deal Faces Korean Antitrust Scrutiny
• Negative Sentiment: Robotaxi competition is the main source of investor anxiety. Tesla, Waymo, and Zoox are expanding autonomous-ride efforts, raising concerns that cheaper driverless services could pressure Uber’s pricing, market share, and long-term margins. Uber is responding with a reported $10 billion autonomous-vehicle investment and a revised strategy, but the payoff remains uncertain. Robotaxi Competition Revs Up as Uber Invests in Autonomous Vehicles
• Negative Sentiment: Operational and legal concerns add near-term uncertainty. Uber is responding to allegations involving account sharing and rideshare fraud at Dallas-Fort Worth Airport, while the market is also monitoring insider trading activity and the company’s decision not to pursue a full Grab acquisition. These issues are less material than the robotaxi threat but may contribute to cautious sentiment. Uber Responds to Investigation Into Alleged Account Sharing and Fraud

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.