Plato Investment Management Ltd Takes Position in Uber Technologies, Inc. $UBER

Plato Investment Management Ltd bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 49,901 shares of the ride-sharing company’s stock, valued at approximately $3,580,000.

Several other hedge funds have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Uber Technologies in the 2nd quarter valued at $52,000. Privium Fund Management UK Ltd bought a new position in Uber Technologies during the 2nd quarter worth $4,379,000. AMG National Trust Bank bought a new position in Uber Technologies during the 2nd quarter worth $278,000. Roman Butler Fullerton & Co. acquired a new stake in shares of Uber Technologies during the second quarter worth $329,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of Uber Technologies during the second quarter worth $615,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies News Summary

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Analysts Set New Price Targets

A number of brokerages recently commented on UBER. Raymond James Financial upgraded Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Susquehanna reduced their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a research note on Thursday, August 6th. BNP Paribas Exane lowered shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Uber Technologies Trading Down 0.4%

UBER opened at $74.71 on Wednesday. The company’s 50 day moving average is $72.49 and its 200-day moving average is $73.35. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. 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 cap of $152.61 billion, a P/E ratio of 16.42, a PEG ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 3.33 earnings per share for the current fiscal year.

Uber Technologies Company 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.