UNIVEST FINANCIAL Corp Buys New Shares in Uber Technologies, Inc. $UBER

Key Points

• UNIVEST FINANCIAL Corp purchased 93,225 Uber shares during the second quarter, valued at approximately $6.7 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $104.25, despite some recent target reductions.
• Uber’s latest quarterly results slightly beat EPS expectations, while revenue rose 12.2% year over year. Growth opportunities include robotaxis and drone delivery, though Tesla’s potential Cybercab rollout poses a long-term margin and competitive risk.

UNIVEST FINANCIAL Corp bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 93,225 shares of the ride-sharing company's stock, valued at approximately $6,727,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% in the fourth 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 increased its holdings in Uber Technologies by 65.0% in the 4th 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 increased its holdings in Uber Technologies by 20.3% in the 4th 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 during the period. Caxton Associates LLP acquired a new position in shares of Uber Technologies in the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $842,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Roundup

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla's Cybercab Launch Could Reshape Margins for Uber and Lyft

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. Wells Fargo & Company cut their price target on shares of Uber Technologies from $100.00 to $89.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Susquehanna decreased their price objective on Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $100.00 price objective on Uber Technologies in a research note on Monday, June 29th. One equities research analyst has 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 presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

Uber Technologies Trading Up 4.4%

Shares of Uber Technologies stock opened at $77.93 on Thursday. The stock has a market capitalization of $159.18 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 6.01 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. The company has a 50-day simple moving average of $72.68 and a 200 day simple moving average of $73.32. 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 released its quarterly earnings results 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 firm had revenue of $14.19 billion for 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% compared to the same quarter last year. During the same period 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. Research analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

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.

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