NewEdge Wealth LLC Acquires Shares of 273,130 Uber Technologies, Inc. $UBER

NewEdge Wealth LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 273,130 shares of the ride-sharing company’s stock, valued at approximately $19,709,000.

Several other hedge funds have also recently made changes to their positions in UBER. Osbon Capital Management LLC purchased a new position in Uber Technologies in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on UBER shares. Susquehanna decreased their price target on Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a report on Thursday, August 6th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. 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 note on Thursday, August 6th. Finally, Royal Bank Of Canada began coverage on shares of Uber Technologies in a research note on Monday, May 11th. They set an “outperform” rating for the company. 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.25.

More Uber Technologies News

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft

Uber Technologies Price Performance

Shares of UBER stock opened at $77.93 on Thursday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $159.18 billion, a P/E ratio of 17.13, a P/E/G ratio of 6.01 and a beta of 1.13. The stock has a 50 day moving average price of $72.68 and a 200 day moving average price of $73.32.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 company had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Uber Technologies’s revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current 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.