Varma Mutual Pension Insurance Co Buys Shares of 330,617 Uber Technologies, Inc. $UBER

Key Points

• Varma Mutual Pension Insurance Co. bought 330,617 Uber shares in the second quarter, valued at approximately $23.9 million. Institutional investors and hedge funds collectively own 80.24% of Uber.
• Uber reported quarterly EPS of $0.81, slightly above the $0.80 consensus, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $104.25.
• Uber’s autonomous-vehicle expansion and Nevada robotaxi approvals support its long-term growth outlook, but the company faces significant risks from an $825 million Dutch data-protection fine and increased scrutiny of algorithmic pricing.

Varma Mutual Pension Insurance Co purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 330,617 shares of the ride-sharing company's stock, valued at approximately $23,857,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of 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 in the last quarter. Revolve Wealth Partners LLC grew its position 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 purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC increased its stake 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 last quarter. Caxton Associates LLP acquired a new stake in Uber Technologies in the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. bought a new stake in Uber Technologies during the 2nd quarter worth about $842,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $78.89 on Friday. The firm has a market cap of $161.14 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. The business's 50 day moving average is $73.06 and its 200-day moving average is $73.35. 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 1-year low of $65.41 and a 1-year 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 earnings per share (EPS) 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 business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm's quarterly 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. Equities research analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
• Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
• Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
• Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
• Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
• Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBER shares. DA Davidson reduced their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Mizuho set a $112.00 target price on Uber Technologies in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of Uber Technologies in a research report on Tuesday, August 4th. Finally, Fox Advisors upgraded Uber Technologies from a "hold" rating to an "outperform" rating in a research note on Monday, May 11th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus 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.

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