Marks Group Wealth Management Inc Acquires Shares of 27,448 Uber Technologies, Inc. $UBER

Marks Group Wealth Management Inc bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,448 shares of the ride-sharing company’s stock, valued at approximately $1,981,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies in the fourth quarter valued at about $2,515,094,000. Finally, Northern Trust Corp lifted its stake in Uber Technologies by 1.5% in the third 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 period. Institutional investors own 80.24% of the company’s stock.

Key Uber Technologies News

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

• Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber’s AV Ambitions in London Receive a Boost
• Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
• Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
• Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
• Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $75.67 on Friday. The stock’s fifty day simple moving average is $72.21 and its 200 day simple moving average is $73.47. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $154.55 billion, a PE ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last posted its earnings results 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 return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s 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. On average, research analysts predict that Uber Technologies, Inc. will post 3.33 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a report on Thursday. US Capital Advisors set a $95.00 price target on Uber Technologies in a research note on Monday, May 11th. Macquarie Infrastructure upgraded shares of Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. Bank of America reduced their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Finally, BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, July 14th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.25.

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.