Wealthfront Advisers LLC Invests $19.55 Million in Uber Technologies, Inc. $UBER

Key Points

• Wealthfront Advisers purchased 270,951 Uber shares worth approximately $19.55 million in the second quarter. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber reported quarterly EPS of $0.81, narrowly beating estimates, while revenue rose 12.2% year over year to $14.19 billion. The company issued third-quarter EPS guidance of $0.84–$0.88.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $104.25 versus the stock’s reported $77.93 price. Autonomous robotaxis and drone delivery offer growth opportunities, though Tesla’s Cybercab could create longer-term pricing and margin pressure.

Wealthfront Advisers LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 270,951 shares of the ride-sharing company's stock, valued at approximately $19,552,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after buying an additional 1,670,761 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 2.6% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp boosted its position in shares of 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 valued at $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $77.93 on Thursday. The stock has a market cap of $159.18 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 6.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $72.68 and a 200-day moving average price of $73.32. Uber Technologies, Inc. has a one year low of $65.41 and a one 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 for the quarter, beating the consensus estimate of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 3.39 EPS for the current year.

More Uber Technologies News

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UBER. Evercore restated an "outperform" rating and issued a $150.00 price target on shares of Uber Technologies in a research report on Wednesday, August 5th. Wolfe Research set a $100.00 price objective on shares of Uber Technologies in a research report on Friday, May 29th. TD Cowen reiterated a "buy" rating and set a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Finally, Tigress Financial boosted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $104.25.

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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