Handelsbanken Fonder AB Lowers Stock Holdings in Uber Technologies, Inc. $UBER

Handelsbanken Fonder AB cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 980,731 shares of the ride-sharing company’s stock after selling 184,776 shares during the period. Handelsbanken Fonder AB’s holdings in Uber Technologies were worth $70,770,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. KMG Fiduciary Partners LLC increased its stake in Uber Technologies by 10.8% in the second quarter. KMG Fiduciary Partners LLC now owns 34,921 shares of the ride-sharing company’s stock valued at $2,520,000 after purchasing an additional 3,410 shares during the last quarter. Fulton Bank N.A. boosted its stake in Uber Technologies by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 19,897 shares of the ride-sharing company’s stock worth $1,436,000 after buying an additional 485 shares during the last quarter. Matrix Trust Co grew its holdings in Uber Technologies by 26.4% in the 2nd quarter. Matrix Trust Co now owns 10,845 shares of the ride-sharing company’s stock valued at $783,000 after buying an additional 2,265 shares during the period. Atlas Brown Inc. purchased a new stake in Uber Technologies in the 2nd quarter valued at about $531,000. Finally, World Equity Group Inc. increased its stake in shares of Uber Technologies by 8.1% during the 2nd quarter. World Equity Group Inc. now owns 4,760 shares of the ride-sharing company’s stock valued at $343,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Wells Fargo & Company dropped their price target on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Wedbush started coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price target on the stock. Finally, KeyCorp decreased their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.25.

Uber Technologies News Summary

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

• Positive Sentiment: Jefferies raised its price target: Jefferies added Uber to its “Franchise Picks” list and increased its target to $110 from $100, maintaining a Buy rating. The firm cited strong earnings and investor meetings, suggesting greater confidence in Uber’s growth outlook. Jefferies adds Uber to Franchise Picks
• Positive Sentiment: Quarterly results exceeded expectations: Uber reported adjusted EPS of $0.81 versus the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion. Management also provided a constructive bookings outlook, supporting the view that demand remains resilient. Uber Q2 earnings beat
• Positive Sentiment: Growth initiatives remain key catalysts: Uber’s earnings call highlighted continued expansion, cash generation and investments in autonomous-vehicle partnerships. These initiatives could broaden Uber’s long-term addressable market and improve operating leverage. Uber earnings call highlights
• Neutral Sentiment: International operations remain important: Analysts are evaluating Uber’s reliance on international revenue, which provides substantial growth potential but also exposes the company to currency movements, regulation and varying regional demand. Uber international revenue analysis
• Negative Sentiment: Near-term concerns remain: Although bookings trends are encouraging, commentary points to a softer EPS outlook and recent stock underperformance. Investors may therefore remain focused on whether growth investments translate into sustained earnings expansion. Uber investment outlook

Uber Technologies Price Performance

Shares of NYSE UBER opened at $77.85 on Tuesday. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The business has a 50-day moving average of $71.94 and a 200-day moving average of $73.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $158.47 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 6.65 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The business 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 revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 3.08 EPS for the current fiscal year.

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.