Trinity Street Asset Management LLP Sells 15,044 Shares of Uber Technologies, Inc. $UBER

Trinity Street Asset Management LLP decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,528 shares of the ride-sharing company’s stock after selling 15,044 shares during the quarter. Uber Technologies makes up 1.2% of Trinity Street Asset Management LLP’s holdings, making the stock its 17th biggest position. Trinity Street Asset Management LLP’s holdings in Uber Technologies were worth $23,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors lifted its stake 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 buying an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC boosted 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 buying an additional 1,602,596 shares during the period. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter worth about $2,515,094,000. Finally, Northern Trust Corp grew its stake in Uber Technologies by 1.5% in 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 buying an additional 297,132 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. HSBC lowered Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Finally, Roth Capital dropped their price target on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a report on Monday. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $75.27 on Thursday. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $72.14 and a two-hundred day simple moving average of $73.52. The stock has a market capitalization of $153.74 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 7.19 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) 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 firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’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. Analysts forecast that Uber Technologies, Inc. will post 2.99 EPS for the current year.

More Uber Technologies News

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

• Positive Sentiment: Bookings and platform growth remain strong: Uber’s second-quarter gross bookings exceeded $58 billion, marking a fourth consecutive quarter of more than 20% growth. Mobility, Delivery and Freight all contributed, supporting the case for continued expansion. UBER Rides on Gross Bookings Strength: More Growth Ahead?
• Positive Sentiment: Potential expansion into younger riders: Uber is reportedly exploring a feature allowing parents to book rides for children ages 10 to 12. The service could create a new family use case and increase ride frequency, although safety and regulatory requirements remain important execution factors. UBER Explores Expanding Ride Service for Kids
• Positive Sentiment: Autonomous-vehicle plans gained support in London: Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest reinforces the long-term robotaxi opportunity. Uber’s AV Ambitions in London Receive a Boost
• Neutral Sentiment: Uber Eats broadened its merchant network: A direct point-of-sale integration with National Retail Solutions will give eligible independent retailers in the U.S. and Canada access to Uber Eats delivery and real-time inventory tools. The move may modestly improve marketplace density and order volume.
• Negative Sentiment: Uber Freight is investigating a cyber incident: Unauthorized access reportedly affected part of Freight’s systems and code repositories. Operations remain undisrupted and Uber says the incident is contained, but potential data-security, remediation and reputational costs remain unclear. Uber Freight reportedly investigating after hacking group claims data breach
• Negative Sentiment: Serve Robotics relationship ended: Uber sold its entire stake in Serve Robotics and appears to be moving away from that delivery-robot partnership. The exit raises questions about Uber’s robotics strategy, even as it continues investing heavily in autonomous vehicles. Uber surprised robotics company Serve by selling its entire stake
• Negative Sentiment: California labor risk increased: A reported legal change could enable hundreds of thousands of Uber and Lyft drivers to unionize, potentially increasing labor costs and reducing the flexibility of the independent-contractor model.

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.