SFE Investment Counsel Takes Position in Uber Technologies, Inc. $UBER

Key Points

• SFE Investment Counsel acquired 87,107 Uber shares in the second quarter, valued at approximately $6.3 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $104.25, despite several recent target-price reductions.
• Uber is expanding its autonomous-transportation strategy through drone-delivery and robotaxi partnerships, while its latest quarter delivered $0.81 in EPS and 12.2% year-over-year revenue growth, though near-term financial benefits remain uncertain.

SFE Investment Counsel acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 87,107 shares of the ride-sharing company's stock, valued at approximately $6,286,000.

A number of other hedge funds have also recently modified their holdings of UBER. Osbon Capital Management LLC purchased a new position in Uber Technologies during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC purchased a new stake in Uber Technologies in the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBER. US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. Bank of America lowered their price target on shares of Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Barclays dropped their price target on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $100.00 to $89.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Finally, Mizuho set a $112.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Trading Down 1.5%

Shares of UBER stock opened at $74.80 on Tuesday. 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 company has a market cap of $152.78 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. The stock has a 50 day simple moving average of $72.41 and a 200-day simple moving average of $73.39. 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 announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $14.24 billion. During the same quarter last year, the firm posted $0.60 EPS. The business's 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, equities research analysts expect 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.

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