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

Key Points

• Ascentis Wealth Management increased its Uber stake by 4,102.2% in the second quarter, purchasing 83,110 additional shares for a total of 85,136 shares valued at approximately $6.14 million.
• Institutional ownership remains high at 80.24%, with major investors including Norges Bank, Marshall Wace, Mitsubishi UFJ Asset Management and the Employees Provident Fund Board adding or initiating positions.
• Uber’s outlook combines strong operating momentum and autonomous-vehicle growth opportunities with risks from an Uber Freight cyber investigation and potential labor-cost increases. Analysts maintain a “Moderate Buy” consensus, with an average price target of $104.25 versus a recent share price of $75.67.

Ascentis Wealth Management LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4,102.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 85,136 shares of the ride-sharing company's stock after purchasing an additional 83,110 shares during the period. Ascentis Wealth Management LLC's holdings in Uber Technologies were worth $6,143,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $2,515,094,000. Marshall Wace LLP grew its holdings in shares of Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after buying an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock valued at $776,883,000 after acquiring an additional 5,293,822 shares during the period. Employees Provident Fund Board acquired a new position in Uber Technologies in the 4th quarter valued at about $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $222,983,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

More Uber Technologies News

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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UBER shares. Cantor Fitzgerald decreased their price objective on Uber Technologies from $98.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. TD Cowen reissued a "buy" rating and issued a $118.00 target price on shares of Uber Technologies in a report on Thursday, July 16th. Susquehanna cut their price target on Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Thursday, August 6th. Tigress Financial increased their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Finally, Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $104.25.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $75.67 on Friday. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The company has a 50-day moving average price of $72.21 and a 200 day moving average price of $73.47. The company has a market cap of $154.55 billion, a P/E ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts predict that Uber Technologies, Inc. will post 3.33 earnings per share for the current year.

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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