Robinhood Asset Management LLC Makes New $13.38 Million Investment in Uber Technologies, Inc. $UBER

Key Points

• Robinhood Asset Management initiated a $13.38 million Uber position by purchasing 185,448 shares in the second quarter, making Uber its 28th-largest holding and about 0.7% of its portfolio.
• Institutional ownership remains substantial at 80.24%, with major investors including Vanguard, Capital Research, Geode Capital, Norges Bank and Northern Trust holding significant stakes.
• Uber’s outlook is supported by expanding robotaxi partnerships and generally favorable analyst sentiment, but the company faces risks from an $966 million Dutch regulatory fine and scrutiny of its algorithmic pricing practices. Analysts collectively rate the stock “Moderate Buy,” with a consensus price target of $104.25.

Robinhood Asset Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 185,448 shares of the ride-sharing company's stock, valued at approximately $13,382,000. Uber Technologies makes up about 0.7% of Robinhood Asset Management LLC's portfolio, making the stock its 28th biggest position.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Capital Research Global Investors increased its stake in Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC increased its stake in Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at $2,515,094,000. Finally, Northern Trust Corp raised its holdings in shares of Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after purchasing an additional 297,132 shares during the period. 80.24% of the stock is currently owned by institutional investors.

More Uber Technologies News

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

• Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
• Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
• Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
• Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
• Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
• Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. 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 report on Thursday, May 7th. Susquehanna dropped their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Thursday, August 6th. Citigroup reissued a "market outperform" rating on shares of Uber Technologies in a report on Wednesday. Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. Finally, Wolfe Research set a $100.00 target price on Uber Technologies in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Stock Performance

UBER stock opened at $78.89 on Friday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The stock has a market capitalization of $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The stock's fifty day moving average is $73.06 and its two-hundred day moving average is $73.35.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 3.39 EPS 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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