Uber Technologies, Inc. $UBER Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Uber stake by 64.4% in the second quarter, acquiring 3.56 million additional shares and bringing its holdings to 9.1 million shares valued at approximately $656.6 million.
• Uber attracted broader institutional and insider support, including a $5.3 million purchase by executive Andrew Macdonald. Analysts maintain a largely positive outlook, with a consensus “Moderate Buy” rating and $104.49 average price target.
• Uber reported quarterly EPS of $0.81, slightly above estimates, while revenue rose 12.2% year over year to $14.19 billion. Shares opened at $73.06, well below the 12-month high of $101.99, amid competition concerns from autonomous-vehicle initiatives such as Tesla’s Cybercab.

Baird Financial Group Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 64.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,099,343 shares of the ride-sharing company's stock after buying an additional 3,564,073 shares during the quarter. Uber Technologies comprises 0.9% of Baird Financial Group Inc.'s portfolio, making the stock its 27th largest holding. Baird Financial Group Inc. owned about 0.45% of Uber Technologies worth $656,609,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BIP Wealth LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth $1,033,000. Pacer Advisors Inc. boosted its position in shares of Uber Technologies by 23.7% in the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock valued at $370,641,000 after purchasing an additional 985,989 shares during the period. PNC Financial Services Group Inc. increased its stake in Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock worth $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in Uber Technologies in the 4th quarter worth about $1,220,000. Finally, Weiss Asset Management LP increased its stake in Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

More Uber Technologies News

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

• Positive Sentiment: Chief Executive Andrew Macdonald purchased 70,000 UBER shares for approximately $5.3 million, increasing his direct ownership by nearly 20%. The sizable insider purchase may signal confidence that the stock is undervalued following its recent weakness. Uber insider purchase filing
• Positive Sentiment: Wedbush reaffirmed its “outperform” rating and maintained a $91 price target, implying substantial upside from current levels. The firm’s view provides support for Uber’s earnings, cash-flow generation and long-term growth outlook.
• Positive Sentiment: Uber and Wayve launched supervised autonomous rides in London with Ford. The partnership reinforces Uber’s strategy of providing robotaxi distribution and demand while avoiding the capital burden of designing and manufacturing its own vehicles. Uber Wayve autonomous rides article
• Neutral Sentiment: Reports highlighted Uber’s stronger profitability and more than $10 billion in free cash flow, but questioned why the stock has not responded. Investors appear to be weighing those fundamentals against the risk that autonomous vehicles could eventually weaken Uber’s role in the mobility ecosystem. Uber fundamentals and valuation article
• Neutral Sentiment: Uber is reportedly moving closer to a potential Delivery Hero acquisition and has tapped European debt markets with its first-ever euro bond offering. The initiatives could expand delivery and international reach, but also raise leverage and execution concerns.
• Negative Sentiment: Tesla’s Cybercab entering commercial robotaxi service intensified fears that Tesla could challenge Uber’s core ride-hailing marketplace and capture autonomous-ride economics. Tesla’s progress was viewed as a key reason mobility stocks moved in opposite directions. Tesla Cybercab threat article
• Negative Sentiment: Uber plans to exit operations in Nigeria and Uganda and cut roughly 10% of its workforce. Although the moves may reduce costs, they signal near-term restructuring and could raise concerns about international growth and demand.

Insiders Place Their Bets

In other news, insider Andrew Macdonald purchased 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider directly owned 426,320 shares of the company's stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UBER shares. The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research note on Monday, June 29th. Sanford C. Bernstein cut their price target on shares of Uber Technologies from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Mizuho set a $112.00 price target on shares of Uber Technologies in a research report on Thursday, August 6th. Jefferies Financial Group raised their price objective on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Evercore reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.49.

Uber Technologies Stock Down 3.6%

Uber Technologies stock opened at $73.06 on Wednesday. The firm has a market cap of $149.22 billion, a PE ratio of 16.06, a P/E/G ratio of 6.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm's 50 day moving average price is $74.07 and its two-hundred day moving average price is $73.64. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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. The company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 3.45 EPS for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

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