Monetta Financial Services Inc. Buys New Shares in Uber Technologies, Inc. $UBER

Monetta Financial Services Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,000 shares of the ride-sharing company’s stock, valued at approximately $938,000.

Other hedge funds have also made changes to their positions in the company. Cadence Bank grew its stake in Uber Technologies by 1.7% during the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after buying an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Uber Technologies by 3.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock worth $395,000 after buying an additional 139 shares during the period. KPP Advisory Services LLC lifted its holdings in shares of Uber Technologies by 4.3% in the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock valued at $278,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. boosted its holdings in shares of Uber Technologies by 6.1% during the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after purchasing an additional 143 shares during the period. Finally, Avion Wealth grew its stake in Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UBER shares. Tigress Financial upped their target price on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Royal Bank Of Canada initiated coverage on Uber Technologies in a research note on Monday, May 11th. They set an “outperform” rating on the stock. Susquehanna dropped their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. TD Cowen restated a “buy” rating and set a $118.00 target price on shares of Uber Technologies in a research report on Thursday, July 16th. Finally, DA Davidson reduced their price target on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.25.

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

Uber Technologies Stock Performance

UBER opened at $77.93 on Thursday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The firm has a market capitalization of $159.18 billion, a PE ratio of 17.13, a PEG ratio of 6.01 and a beta of 1.13. The business’s 50-day simple moving average is $72.68 and its 200 day simple moving average is $73.32. 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) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 earnings per share 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.