Clare Market Investments LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,251 shares of the ride-sharing company’s stock after selling 19,134 shares during the quarter. Uber Technologies comprises 0.8% of Clare Market Investments LLC’s portfolio, making the stock its 24th largest holding. Clare Market Investments LLC’s holdings in Uber Technologies were worth $4,420,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Osbon Capital Management LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Uber Technologies during the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies in the fourth quarter worth $27,000. 80.24% of the stock is currently owned by institutional investors.
Uber Technologies Trading Up 0.4%
UBER opened at $75.67 on Friday. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $72.21 and a two-hundred day simple moving average of $73.47. The firm has a market capitalization of $154.55 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13.
Analysts Set New Price Targets
Several research firms recently commented on UBER. BMO Capital Markets restated an “outperform” rating on shares of Uber Technologies in a research report on Tuesday, August 4th. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Wedbush initiated coverage on shares of Uber Technologies in a research note on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price target for the company. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. Finally, Wells Fargo & Company decreased their target price on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One research 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 company presently has an average rating of “Moderate Buy” and an average price target of $104.25.
Get Our Latest Research Report on Uber Technologies
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
- Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber’s AV Ambitions in London Receive a Boost
- Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
- Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
- Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
- Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.
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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