Tocqueville Asset Management L.P. Takes $46.47 Million Position in Uber Technologies, Inc. $UBER

Key Points

• Tocqueville Asset Management acquired 643,928 Uber shares worth approximately $46.47 million, while institutional investors and hedge funds collectively own 80.24% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $104.25; Uber recently exceeded quarterly EPS estimates and reported 12.2% year-over-year revenue growth.
• Uber is expanding its autonomous-vehicle and delivery opportunities through European robotaxi operations and a Zipline drone-delivery partnership, although Tesla’s planned Cybercab rollout poses a potential long-term threat to margins.

Tocqueville Asset Management L.P. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 643,928 shares of the ride-sharing company's stock, valued at approximately $46,466,000.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Uber Technologies by 65.0% in the fourth 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 grew its stake in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after acquiring an additional 641 shares during the period. Caxton Associates LLP acquired a new stake in Uber Technologies in the first quarter valued at approximately $304,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $842,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research reports. TD Cowen reaffirmed a "buy" rating and set a $118.00 target price on shares of Uber Technologies in a research report on Thursday, July 16th. UBS Group lowered shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Truist Financial upped their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Uber Technologies Trading Up 4.4%

Shares of Uber Technologies stock opened at $77.93 on Thursday. The stock has a fifty day simple moving average of $72.68 and a 200 day simple moving average of $73.32. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a market capitalization of $159.18 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 6.01 and a beta of 1.13. 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 (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business's revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

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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