Greenland Capital Management LP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,750 shares of the ride-sharing company’s stock, valued at approximately $559,000.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 during the last quarter. Capital Research Global Investors lifted its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after acquiring an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% in the fourth 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 acquired a new position in shares of Uber Technologies during the 4th quarter worth $2,515,094,000. Finally, Northern Trust Corp increased its stake 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 worth $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.
Uber Technologies Stock Up 0.4%
Shares of UBER opened at $78.89 on Friday. 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 company has a 50-day simple moving average of $73.06 and a 200-day simple moving average of $73.35. 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 $161.14 billion, a P/E ratio of 17.34, a P/E/G ratio of 6.35 and a beta of 1.13.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of Uber Technologies in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Uber Technologies in a report on Thursday, August 13th. Finally, Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.25.
Get Our Latest Analysis on UBER
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
- Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
- Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
- Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
- Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
- Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.
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.
Featured Articles
- Five stocks we like better than Uber Technologies
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
