Syon Capital LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 56.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,017 shares of the ride-sharing company’s stock after buying an additional 8,298 shares during the period. Syon Capital LLC’s holdings in Uber Technologies were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth $25,000. Imprint Wealth LLC purchased a new stake in Uber Technologies in the 3rd quarter valued at $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the 4th quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Stock Down 0.3%
Shares of UBER opened at $75.75 on Friday. The firm has a market cap of $154.72 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 6.12 and a beta of 1.16. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The company’s 50-day moving average price is $74.04 and its 200 day moving average price is $73.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London’s first robotaxis
- Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
- Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
- Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
- Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees
Analyst Ratings Changes
Several research analysts have recently commented on the company. Bank of America reduced their price target on Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, June 12th. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. Susquehanna reduced their target price 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. Finally, KeyCorp dropped their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Two investment analysts have 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.49.
Read Our Latest Report on Uber Technologies
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.
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