Uber Technologies, Inc. $UBER Shares Purchased by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Uber stake by 12.5% in the second quarter, purchasing 37,455 additional shares for a total of 336,649 shares valued at approximately $24.3 million.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 80.24% of Uber’s outstanding shares. Several major investors, including the Public Investment Fund and Norges Bank, also established or expanded positions.
• Analysts maintain a generally positive outlook, with Uber carrying a “Moderate Buy” consensus rating and an average price target of $104.49. In its latest quarter, Uber narrowly beat EPS expectations and reported 12.2% year-over-year revenue growth.

NEOS Investment Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,649 shares of the ride-sharing company's stock after purchasing an additional 37,455 shares during the period. NEOS Investment Management LLC's holdings in Uber Technologies were worth $24,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Public Investment Fund acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $5,256,173,439. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at $2,515,094,000. Legal & General Group Plc acquired a new stake in shares of Uber Technologies during the second quarter worth $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies during the second quarter worth $752,151,000. Finally, Fundsmith LLP bought a new position in shares of Uber Technologies in the 2nd quarter worth about $645,338,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. 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. HSBC downgraded Uber Technologies to a "reduce" rating in a research note on Monday, May 11th. BMO Capital Markets set a $119.00 price target on Uber Technologies in a report on Thursday. Finally, Wolfe Research set a $100.00 price objective on Uber Technologies in a research note on Friday, May 29th. Two analysts have 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.49.

Uber Technologies Stock Performance

UBER opened at $75.75 on Friday. The business's 50 day moving average is $74.04 and its 200-day moving average is $73.57. The stock has a market cap of $154.72 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 6.12 and a beta of 1.16. 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, 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 quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period in the prior year, the company posted $0.60 EPS. The business'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, analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Uber Technologies News Summary

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

• Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London's first robotaxis
• Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
• Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
• Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees

About Uber Technologies

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.

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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