Westport Asset Management Inc. Makes New $4.52 Million Investment in Uber Technologies, Inc. $UBER

Key Points

• Westport Asset Management acquired 62,577 Uber shares worth approximately $4.52 million, making Uber 1.8% of its portfolio and its 18th-largest holding. Institutional investors collectively own 80.24% of the company.
• Analysts maintain a broadly positive outlook, with Uber receiving a “Moderate Buy” consensus rating and an average price target of $104.25, compared with shares opening at $78.61.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion. The company is also expanding autonomous-vehicle partnerships in Dubai and Europe, though Tesla’s planned Cybercab rollout presents a longer-term competitive risk.

Westport Asset Management Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 62,577 shares of the ride-sharing company's stock, valued at approximately $4,516,000. Uber Technologies makes up 1.8% of Westport Asset Management Inc.'s investment portfolio, making the stock its 18th biggest position.

Several other large investors also recently modified their holdings of UBER. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Uber Technologies in the second quarter valued at $752,151,000. Marshall Wace LLP raised its stake in Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after acquiring an additional 6,264,946 shares in the last quarter. Employees Provident Fund Board acquired a new position in Uber Technologies during the fourth quarter worth $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in shares of Uber Technologies during the first quarter valued at $222,983,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research note on Friday, May 29th. BMO Capital Markets reissued an "outperform" rating on shares of Uber Technologies in a report on Tuesday, August 4th. Jefferies Financial Group boosted their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, August 10th. UBS Group cut shares of Uber Technologies from a "buy" rating to a "neutral" rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Price Performance

Shares of UBER stock opened at $78.61 on Friday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm's 50 day moving average is $72.86 and its 200-day moving average is $73.31. The firm has a market capitalization of $160.57 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 6.29 and a beta of 1.13.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating 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 business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same quarter last year, the business posted $0.60 earnings per share. Uber Technologies's revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Key Uber Technologies News

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

• Positive Sentiment: Robotaxi expansion in Dubai: Uber launched Baidu’s fully driverless Apollo Go vehicles on its platform in Dubai, creating what the companies described as the first global multi-partner autonomous network. The initiative strengthens Uber’s role as the marketplace connecting riders, autonomous fleets and local operators, without requiring Uber to build the vehicles itself. Uber Launches Baidu’s Fully Driverless Apollo Go in Dubai
• Positive Sentiment: Autonomous rides reach Europe: Uber, Pony.ai and Verne began offering autonomous rides in Zagreb, Croatia—the first European city where riders can book a self-driving vehicle through Uber’s app. The launch expands Uber’s long-term opportunity to participate in AV economics while relying on partners for vehicle technology and operations. Uber launches autonomous rides in Zagreb
• Positive Sentiment: Analyst and media support: Commentary comparing Uber with Lyft highlighted Uber’s stronger bookings growth, diversification and AV partnerships. Jim Cramer also remained bullish on Uber as a long-term holding, adding to the favorable sentiment around the stock. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: Portfolio rebalancing involving Aurora: Uber sold approximately $472 million of Aurora Innovation stock but continues to own more than 186 million shares. The sale provides liquidity and may realize gains, although it reduces Uber’s direct exposure to Aurora’s future upside. Uber Sells $472 Million of Aurora Stock
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing pricing and margins if autonomous vehicles reduce the cost of competing services. The risk is longer term, but it highlights potential disruption to Uber’s core marketplace economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft

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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