GFG Capital LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 34.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,647 shares of the ride-sharing company’s stock after purchasing an additional 39,907 shares during the quarter. Uber Technologies makes up about 2.7% of GFG Capital LLC’s investment portfolio, making the stock its 12th largest position. GFG Capital LLC’s holdings in Uber Technologies were worth $11,159,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Cadence Bank grew its holdings in shares of Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after purchasing an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Uber Technologies by 3.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after buying an additional 139 shares during the last quarter. Stonebrook Private Inc. lifted its position in Uber Technologies by 6.1% during the 4th quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after buying an additional 143 shares in the last quarter. Avion Wealth lifted its position in Uber Technologies by 17.3% during the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock worth $70,000 after buying an additional 145 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in Uber Technologies by 15.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company’s stock worth $78,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Insider Activity at Uber Technologies
In related news, insider Andrew Macdonald purchased 70,000 shares of the stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. The trade was a 19.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.81% of the stock is currently owned by company insiders.
Uber Technologies Stock Down 3.6%
Uber Technologies (NYSE:UBER – Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts predict that Uber Technologies, Inc. will post 3.45 EPS for the current year.
Analysts Set New Price Targets
Several research firms have weighed in on UBER. Evercore restated an “outperform” rating and issued a $150.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 5th. Barclays reduced their target price on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Sanford C. Bernstein lowered their price target on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Wolfe Research set a $100.00 price objective on shares of Uber Technologies in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.49.
View Our Latest Stock Report on UBER
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Chief Executive Andrew Macdonald purchased 70,000 UBER shares for approximately $5.3 million, increasing his direct ownership by nearly 20%. The sizable insider purchase may signal confidence that the stock is undervalued following its recent weakness. Uber insider purchase filing
- Positive Sentiment: Wedbush reaffirmed its “outperform” rating and maintained a $91 price target, implying substantial upside from current levels. The firm’s view provides support for Uber’s earnings, cash-flow generation and long-term growth outlook.
- Positive Sentiment: Uber and Wayve launched supervised autonomous rides in London with Ford. The partnership reinforces Uber’s strategy of providing robotaxi distribution and demand while avoiding the capital burden of designing and manufacturing its own vehicles. Uber Wayve autonomous rides article
- Neutral Sentiment: Reports highlighted Uber’s stronger profitability and more than $10 billion in free cash flow, but questioned why the stock has not responded. Investors appear to be weighing those fundamentals against the risk that autonomous vehicles could eventually weaken Uber’s role in the mobility ecosystem. Uber fundamentals and valuation article
- Neutral Sentiment: Uber is reportedly moving closer to a potential Delivery Hero acquisition and has tapped European debt markets with its first-ever euro bond offering. The initiatives could expand delivery and international reach, but also raise leverage and execution concerns.
- Negative Sentiment: Tesla’s Cybercab entering commercial robotaxi service intensified fears that Tesla could challenge Uber’s core ride-hailing marketplace and capture autonomous-ride economics. Tesla’s progress was viewed as a key reason mobility stocks moved in opposite directions. Tesla Cybercab threat article
- Negative Sentiment: Uber plans to exit operations in Nigeria and Uganda and cut roughly 10% of its workforce. Although the moves may reduce costs, they signal near-term restructuring and could raise concerns about international growth and demand.
Uber Technologies Company Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.
Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.
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