Uber Technologies, Inc. $UBER Shares Acquired by Ascentis Wealth Management LLC

Key Points

• Ascentis Wealth Management significantly increased its Uber stake by 5,966% in the second quarter, acquiring 120,872 additional shares for a total position worth approximately $8.9 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $104.25, above the stock’s reported $75.67 price.
• Autonomous-vehicle partnerships and strong bookings provide growth catalysts, including a planned late-2026 robotaxi pilot in Tokyo and progress toward autonomous rides in London. Risks include a reported Uber Freight cyber incident, potential driver-unionization efforts and the company’s exit from Serve Robotics.

Ascentis Wealth Management LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5,966.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,898 shares of the ride-sharing company's stock after buying an additional 120,872 shares during the period. Uber Technologies comprises approximately 0.5% of Ascentis Wealth Management LLC's holdings, making the stock its 28th biggest holding. Ascentis Wealth Management LLC's holdings in Uber Technologies were worth $8,868,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies in the first quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $75.67 on Friday. The stock has a market capitalization of $154.55 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The company's 50-day simple moving average is $72.21 and its 200-day simple moving average is $73.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Uber Technologies's quarterly 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. Equities analysts anticipate that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. DA Davidson lowered their price objective 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. Wedbush started coverage on Uber Technologies in a research report on Thursday, July 16th. They issued an "outperform" rating and a $91.00 target price on the stock. UBS Group cut Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Roth Capital decreased their price target on shares of Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Monday. Finally, Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.25.

Key Stories Impacting Uber Technologies

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.

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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