Public Investment Fund Takes $5,256.17 Billion Position in Uber Technologies, Inc. $UBER

Public Investment Fund acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent filing with the SEC. The fund acquired 72,840,541 shares of the ride-sharing company’s stock, valued at approximately $5,256,173,439,000. Uber Technologies accounts for approximately 13.9% of Public Investment Fund’s investment portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors have also added to or reduced their stakes in UBER. Norges Bank purchased a new position in Uber Technologies during the 4th quarter valued at about $2,515,094,000. Legal & General Group Plc purchased a new stake in shares of Uber Technologies in the second quarter worth about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Uber Technologies in the second quarter worth about $752,151,000. Marshall Wace LLP boosted its position in shares of Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Uber Technologies in the second quarter valued at approximately $426,727,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Sanford C. Bernstein lowered their target price on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Guggenheim reaffirmed a “buy” rating and issued a $125.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. Wedbush initiated coverage on Uber Technologies in a research report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price objective on the stock. Finally, Piper Sandler reissued an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus 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: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Uber Technologies Trading Down 2.3%

NYSE UBER opened at $78.47 on Thursday. The stock’s 50-day simple moving average is $73.48 and its two-hundred day simple moving average is $73.38. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. 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 company has a market capitalization of $160.28 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 6.47 and a beta of 1.13.

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, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts forecast that Uber Technologies, Inc. will post 3.39 EPS 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.