Monetta Financial Services Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 13,000 shares of the ride-sharing company’s stock, valued at approximately $938,000.
Other large investors have also recently modified their holdings of the company. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at 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 Uber Technologies during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies News Roundup
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
Wall Street Analyst Weigh In
View Our Latest Stock Report on Uber Technologies
Uber Technologies Price Performance
Uber Technologies stock opened at $77.93 on Thursday. The firm has a 50 day moving average price of $72.68 and a 200 day moving average price of $73.32. The company has a market cap of $159.18 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 6.01 and a beta of 1.13. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 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.
Uber Technologies (NYSE:UBER – Get Free Report) last announced 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. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.
About Uber Technologies
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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