Van ECK Associates Corp Reduces Stock Position in Uber Technologies, Inc. $UBER

Van ECK Associates Corp lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 78.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,295 shares of the ride-sharing company's stock after selling 380,533 shares during the quarter. Van ECK Associates Corp's holdings in Uber Technologies were worth $7,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Capital Research Global Investors increased its position in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Public Investment Fund purchased a new stake in shares of Uber Technologies in the second quarter valued at approximately $5,256,173,439. Geode Capital Management LLC grew its stake in Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares in the last quarter. Norges Bank bought a new position in Uber Technologies in the fourth quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp increased its holdings in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after purchasing an additional 297,132 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER opened at $75.16 on Wednesday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. 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 market cap of $153.52 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16. The firm's 50-day moving average price is $73.91 and its 200-day moving average price is $73.47.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Royal Bank Of Canada initiated coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an "outperform" rating on the stock. DA Davidson lowered their price target on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Evercore reissued an "outperform" rating and set a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $104.14.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Rosenblatt initiates Buy rating: Rosenblatt Securities began coverage with a $100 price target, implying substantial upside from recent levels. The firm views Uber as a durable, compounding platform with strong core mobility growth and a long runway before autonomous vehicles materially disrupt its business. Rosenblatt analyst rating
• Positive Sentiment: Autonomous-vehicle opportunity expands: Uber’s robotaxi strategy is gaining attention following its Dubai launch and collaboration with autonomous-vehicle partners. Avride reportedly has dozens of driverless Uber vehicles operating, reinforcing the possibility that Uber can serve as a marketplace and distribution platform for robotaxis rather than be displaced by them. Uber Dubai robotaxi analysis
• Positive Sentiment: Congressional buying and legal resolution: Representative Ro Khanna’s disclosures show multiple Uber purchases during June and July, a modest positive sentiment signal. Separately, Uber reportedly defeated litigation claims brought by Simon & Simon, potentially removing an overhang from that dispute. Congressional Uber purchases
• Neutral Sentiment: Analysts remain optimistic despite sector lag: Uber has underperformed the broader technology sector over the past year, but sell-side sentiment remains strongly positive. The company’s latest quarter showed 12% year-over-year revenue growth and slightly better-than-expected adjusted EPS, while third-quarter guidance remains an important test for renewed momentum. Uber sector performance analysis
• Negative Sentiment: Driver and labor-cost pressure: Atlanta rideshare drivers are asking officials to impose a fee of up to $1 on robotaxi rides to protect human-driver earnings as Waymo expands. In British Columbia, more than 1,000 Uber drivers have joined a union. These developments could increase regulatory, compensation and operating-cost risks for Uber. Atlanta rideshare driver concerns

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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