VIRGINIA RETIREMENT SYSTEMS ET Al Invests $18.81 Million in Uber Technologies, Inc. $UBER

Key Points

• Virginia Retirement Systems acquired 260,650 Uber shares worth approximately $18.81 million during the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber reported quarterly earnings of $0.81 per share, slightly above analyst expectations, while revenue reached $14.19 billion, up 12.2% year over year but narrowly below estimates.
• Wall Street remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $104.49, well above the stock’s reported price of $75.75.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 260,650 shares of the ride-sharing company's stock, valued at approximately $18,809,000.

Several other hedge funds have also recently bought and sold shares of UBER. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after acquiring an additional 641 shares in the last quarter. Caxton Associates LLP bought a new stake in Uber Technologies during the 1st quarter valued at $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies during the 2nd quarter worth $842,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.0%

Shares of UBER stock opened at $75.75 on Tuesday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The stock has a market cap of $154.72 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 6.00 and a beta of 1.16. The business's fifty day moving average is $74.05 and its 200-day moving average is $73.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $14.19 billion for 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 company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts expect that Uber Technologies, Inc. will post 3.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. DA Davidson decreased their price target on Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Macquarie Infrastructure raised shares of Uber Technologies to an "outperform" rating in a report on Monday, May 11th. Raymond James Financial raised shares of Uber Technologies from an "outperform" rating to a "strong-buy" rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Uber Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $104.49.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber and Wayve began the United Kingdom’s first supervised robotaxi rides in London. The launch gives Uber additional autonomous-vehicle exposure, expands its relationship with Wayve and could strengthen its position in the emerging robotaxi market. Uber and Wayve Launch UK’s First Supervised Robotaxi Rides
• Positive Sentiment: Uber is reportedly nearing a deal to acquire Delivery Hero’s food-delivery operations. The transaction could broaden Uber’s delivery scale and support bookings growth, although investors remain concerned about financing requirements and the performance of Uber’s shares. Is UBER Stock a Buy as It Closes in on Delivery Hero Buyout?
• Neutral Sentiment: Uber is entering the European debt market with its first-ever euro-denominated bond offering. The financing may provide currency diversification and funding flexibility, but it also increases scrutiny of leverage as the company considers expansion. Uber taps European debt markets for first-ever euro bond offering
• Neutral Sentiment: Former Uber CEO Travis Kalanick is reportedly building Atoms around robotaxi technology, potentially with former Uber autonomous-driving personnel. The venture could intensify competition, though it also validates the market Uber is pursuing. Former Uber CEO Travis Kalanick is returning to the robotaxi race
• Neutral Sentiment: Japan’s Go is targeting expansion in Asia and robotaxis and does not view Uber as a major threat in Japan. The comments highlight Uber’s limited position in a distinctive market but suggest competition could increase as regional mobility technology develops. Japan’s Go President Eyes Expansion in Asia, Robotaxis
• Negative Sentiment: Reports that Uber plans to exit Nigeria and Uganda and reduce its workforce by 10% raise concerns about slower international growth and restructuring costs. The moves may improve efficiency, but they signal pressure to prioritize profitability and could weigh on sentiment. Uber to shut down operations in Nigeria, Uganda, and reduce 10% of its workforce

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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