Uber Technologies, Inc. $UBER Shares Purchased by Saudi Central Bank

Key Points

• Saudi Central Bank increased its Uber stake by 71.2% in the second quarter, purchasing 51,896 additional shares and bringing its holdings to 124,756 shares valued at approximately $9 million.
• Institutional investors and hedge funds own 80.24% of Uber’s stock. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.49, despite mixed individual rating changes.
• Uber reported quarterly EPS of $0.81, narrowly exceeding estimates, while revenue reached $14.19 billion and grew 12.2% year over year. Shares opened at $75.75, below the 52-week high of $101.99.

Saudi Central Bank boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 71.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,756 shares of the ride-sharing company's stock after purchasing an additional 51,896 shares during the quarter. Saudi Central Bank's holdings in Uber Technologies were worth $9,002,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBER shares. Fox Advisors raised shares of Uber Technologies from a "hold" rating to an "outperform" rating in a report on Monday, May 11th. Wedbush initiated coverage on shares of Uber Technologies in a research report on Thursday, July 16th. They issued an "outperform" rating and a $91.00 price target on the stock. HSBC cut shares of Uber Technologies to a "reduce" rating in a research note on Monday, May 11th. Barclays cut their price objective on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Finally, Raymond James Financial upgraded Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $104.49.

Uber Technologies Price Performance

UBER stock opened at $75.75 on Friday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The stock's fifty day simple moving average is $74.04 and its 200-day simple moving average is $73.57. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $154.72 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 6.10 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 3.45 EPS for the current year.

Key Stories Impacting Uber Technologies

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

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.

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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