Sciencast Management LP Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Sciencast Management LP initiated a new Uber position in the second quarter, purchasing 24,151 shares valued at approximately $1.74 million. Hedge funds and other institutional investors own 80.24% of Uber’s stock.
• Uber reported strong operating momentum, with second-quarter gross bookings exceeding $58 billion and quarterly revenue rising 12.2% year over year. The company also beat earnings expectations and cited growth across Mobility, Delivery and Freight.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus rating and an average price target of $104.25 versus the reported share price of $75.67. Potential catalysts include autonomous-vehicle partnerships, while risks include a reported Uber Freight cyber incident and possible higher labor costs.

Sciencast Management LP purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,151 shares of the ride-sharing company's stock, valued at approximately $1,743,000.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Brighton Jones LLC increased its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Uber Technologies during the 1st quarter worth about $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at about $842,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

More Uber Technologies News

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

• Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber's AV Ambitions in London Receive a Boost
• Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
• Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
• Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
• Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.

Analyst Ratings Changes

Several equities analysts recently weighed in on UBER shares. Roth Capital cut their price target on Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Monday. Piper Sandler reissued an "overweight" rating on shares of Uber Technologies in a report on Thursday. Wells Fargo & Company cut their price objective on Uber Technologies from $100.00 to $89.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Truist Financial increased their target price on Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Finally, Evercore reissued an "outperform" rating and issued a $150.00 price target on shares of Uber Technologies in a report on Wednesday, August 5th. One research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $75.67 on Friday. The business has a 50 day simple moving average of $72.21 and a two-hundred day simple moving average of $73.47. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The stock has a market capitalization of $154.55 billion, a P/E ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Uber Technologies Company 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.

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.

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