Uber Technologies, Inc. $UBER Shares Sold by General American Investors Co. Inc.

Key Points

• General American Investors reduced its Uber stake by 16.1%, selling 50,000 shares and retaining 260,583 shares valued at approximately $18.8 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Uber reported quarterly earnings of $0.81 per share, slightly beating estimates, while revenue rose 12.2% year over year to $14.19 billion. Shares recently traded at $75.88, well below their 12-month high of $101.99.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $104.25. Uber’s expanding robotaxi partnerships in Europe and Japan offer future growth potential, though a cybersecurity incident at Uber Freight remains a risk.

General American Investors Co. Inc. cut its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,583 shares of the ride-sharing company's stock after selling 50,000 shares during the quarter. General American Investors Co. Inc.'s holdings in Uber Technologies were worth $18,804,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bison Wealth LLC lifted its position in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after buying an additional 641 shares in the last quarter. Caxton Associates LLP purchased a new stake in Uber Technologies during the first quarter worth approximately $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Uber Technologies in the second quarter worth $842,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $75.88 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company's fifty day moving average price is $72.31 and its two-hundred day moving average price is $73.43. The firm has a market capitalization of $154.99 billion, a P/E ratio of 16.68, a P/E/G ratio of 6.24 and a beta of 1.13. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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 company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period last year, the firm earned $0.60 earnings per share. The company's 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. On average, research analysts anticipate that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber and Chinese autonomous-driving company Pony.ai expanded their partnership, targeting the deployment of more than 2,000 robotaxis across Europe. The plan builds on the existing Zagreb service and adds four additional European cities, with potential expansion into the Middle East. The initiative could give Uber a scalable path into autonomous mobility without owning the entire vehicle fleet. China's Pony.ai, Uber to jointly deploy over 2,000 robotaxis in Europe
• Positive Sentiment: Uber is also preparing a Tokyo robotaxi pilot for late 2026 with Japanese taxi operator Hinomaru Kotsu. The local partner will handle fleet operations, maintenance, charging and vehicle uptime, potentially helping Uber navigate Japan’s regulatory and operational requirements. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Several investment analyses argue that Uber’s valuation looks attractive after the stock’s recent weakness. Supporters point to continued market-share gains, improving margins and more than $58 billion in second-quarter gross bookings, with Mobility, Delivery and Freight all contributing to growth. Uber Stock Looks Cheap. Here’s Why.
• Neutral Sentiment: Uber CEO Dara Khosrowshahi highlighted Japan as an important market for both Delivery and Mobility, reinforcing management’s broader strategy of using regional partners to expand robotaxi services. However, the European rollout and Tokyo pilot remain future deployments rather than near-term revenue catalysts.
• Negative Sentiment: Uber Freight is investigating a cybersecurity incident involving unauthorized access to certain internal systems and code repositories. The company said Freight operations were not disrupted and that the incident was contained, but the potential scope of compromised data remains under review. Separately, investors continue to debate whether autonomous vehicles could eventually pressure Uber’s driver-based network economics, despite the company’s partnerships. Uber Freight investigates cyber incident after hackers claim million-file leak

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Cantor Fitzgerald decreased their target price 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. KeyCorp lowered their target price on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. UBS Group downgraded Uber Technologies from a "buy" rating to a "neutral" rating in a report on Monday, May 11th. Finally, Weiss Ratings lowered Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $104.25.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source