Transamerica Financial Advisors LLC Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Transamerica Financial Advisors purchased 47,020 Uber shares worth approximately $3.39 million, while institutional investors collectively own 80.24% of the company.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue reached $14.19 billion and increased 12.2% year over year. The stock was trading at $78.47, below its 12-month high of $101.99.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $104.25 price target. Uber’s autonomous-vehicle partnerships and expansion of its mobility and delivery ecosystem remain key potential growth drivers.

Transamerica Financial Advisors LLC purchased a new stake in shares of 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 (SEC). The fund purchased 47,020 shares of the ride-sharing company's stock, valued at approximately $3,393,000.

Other institutional investors have also modified their holdings of the company. Osbon Capital Management LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 2.3%

Uber Technologies stock opened at $78.47 on Thursday. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. 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 stock has a market capitalization of $160.28 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 6.47 and a beta of 1.13. The firm has a 50 day simple moving average of $73.48 and a 200-day simple moving average of $73.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its 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. 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Uber Technologies from $100.00 to $89.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. BTIG Research reaffirmed a "buy" rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, July 14th. Macquarie Infrastructure upgraded Uber Technologies to an "outperform" rating in a research report on Monday, May 11th. DA Davidson decreased their price target on Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, HSBC lowered Uber Technologies to a "reduce" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.25.

Uber Technologies News Summary

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

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

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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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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