Trinity Street Asset Management LLP Has $23.27 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Trinity Street Asset Management reduced its Uber position by 4.5% in the second quarter, selling 15,044 shares. It still held 322,528 shares valued at approximately $23.27 million, representing 1.2% of its portfolio.
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. Gross bookings surpassed $58 billion, supported by growth across Mobility, Delivery and Freight.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $104.25 price target versus the stock’s $75.27 opening price. Key risks include a Freight cybersecurity incident, potential California labor-cost increases and uncertainty around Uber’s robotics strategy.

Trinity Street Asset Management LLP trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,528 shares of the ride-sharing company's stock after selling 15,044 shares during the period. Uber Technologies makes up approximately 1.2% of Trinity Street Asset Management LLP's investment portfolio, making the stock its 17th largest holding. Trinity Street Asset Management LLP's holdings in Uber Technologies were worth $23,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Marshall Wace LLP raised its holdings in shares of Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock valued at $546,919,000 after purchasing an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Uber Technologies by 129.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock worth $776,883,000 after purchasing an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board acquired a new position in Uber Technologies during the fourth quarter worth $265,205,000. Finally, Southpoint Capital Advisors LP acquired a new position in Uber Technologies during the first quarter worth $222,983,000. 80.24% of the stock is currently owned by institutional investors.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Bookings and platform growth remain strong: Uber’s second-quarter gross bookings exceeded $58 billion, marking a fourth consecutive quarter of more than 20% growth. Mobility, Delivery and Freight all contributed, supporting the case for continued expansion. UBER Rides on Gross Bookings Strength: More Growth Ahead?
• Positive Sentiment: Potential expansion into younger riders: Uber is reportedly exploring a feature allowing parents to book rides for children ages 10 to 12. The service could create a new family use case and increase ride frequency, although safety and regulatory requirements remain important execution factors. UBER Explores Expanding Ride Service for Kids
• Positive Sentiment: Autonomous-vehicle plans gained support in London: Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest reinforces the long-term robotaxi opportunity. Uber’s AV Ambitions in London Receive a Boost
• Neutral Sentiment: Uber Eats broadened its merchant network: A direct point-of-sale integration with National Retail Solutions will give eligible independent retailers in the U.S. and Canada access to Uber Eats delivery and real-time inventory tools. The move may modestly improve marketplace density and order volume.
• Negative Sentiment: Uber Freight is investigating a cyber incident: Unauthorized access reportedly affected part of Freight’s systems and code repositories. Operations remain undisrupted and Uber says the incident is contained, but potential data-security, remediation and reputational costs remain unclear. Uber Freight reportedly investigating after hacking group claims data breach
• Negative Sentiment: Serve Robotics relationship ended: Uber sold its entire stake in Serve Robotics and appears to be moving away from that delivery-robot partnership. The exit raises questions about Uber’s robotics strategy, even as it continues investing heavily in autonomous vehicles. Uber surprised robotics company Serve by selling its entire stake
• Negative Sentiment: California labor risk increased: A reported legal change could enable hundreds of thousands of Uber and Lyft drivers to unionize, potentially increasing labor costs and reducing the flexibility of the independent-contractor model.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Tigress Financial lifted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, June 12th. Needham & Company LLC restated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Wolfe Research set a $100.00 price objective on Uber Technologies in a report on Friday, May 29th. DA Davidson lowered their target price on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein lowered their target price on Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. One equities 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Price Performance

Shares of UBER opened at $75.27 on Thursday. The company has a market cap of $153.74 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 7.19 and a beta of 1.13. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The company's fifty day simple moving average is $72.14 and its 200 day simple moving average is $73.52. 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 announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter last year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 2.99 earnings per share 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source