87,107 Shares in Uber Technologies, Inc. $UBER Purchased by SFE Investment Counsel

SFE Investment Counsel acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 87,107 shares of the ride-sharing company’s stock, valued at approximately $6,286,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. BIP Wealth LLC purchased a new position in shares of Uber Technologies in the second quarter valued at approximately $1,033,000. SWS Partners purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $3,373,000. Trifecta Capital Advisors LLC acquired a new position in Uber Technologies in the 2nd quarter valued at $8,539,000. Summit Global Investments purchased a new position in Uber Technologies in the 2nd quarter valued at $409,000. Finally, Cornerstone Capital Inc. purchased a new position in Uber Technologies in the 2nd quarter valued at $21,745,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.5%

Shares of NYSE:UBER opened at $74.80 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $72.41 and a two-hundred day moving average of $73.39. The stock has a market cap of $152.78 billion, a P/E ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last issued its earnings results 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter 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 expect that Uber Technologies, Inc. will post 3.33 earnings per share for the current year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a research note on Monday, May 11th. They set an “outperform” rating on the stock. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, July 14th. Needham & Company LLC restated a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, August 6th. Wedbush assumed coverage on shares of Uber Technologies in a research note on Thursday, July 16th. They set an “outperform” rating and a $91.00 price objective for the company. Finally, Sanford C. Bernstein cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

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.