Prospect Financial Services LLC Takes Position in Uber Technologies, Inc. $UBER

Posted by Francis Steltz on Aug 18th, 2026

Prospect Financial Services LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 7,572 shares of the ride-sharing company’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after purchasing an additional 985,989 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after buying an additional 29,587 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in Uber Technologies in the 4th quarter valued at about $1,220,000. Finally, Weiss Asset Management LP boosted its holdings in Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after buying an additional 51,465 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $74.80 on Tuesday. 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 quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $152.78 billion, a PE ratio of 16.44, a P/E/G ratio of 6.24 and a beta of 1.13. The stock has a 50 day moving average price of $72.41 and a 200 day moving average price of $73.39.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share 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 company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal 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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UBER shares. Wells Fargo & Company cut their price objective on Uber Technologies from $100.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. HSBC downgraded Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Cantor Fitzgerald dropped their price target on Uber Technologies from $98.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Truist Financial increased their price objective on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.25.

View Our Latest Research Report on UBER

About Uber Technologies

(Free Report)

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.