Commerce Bank bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 883,314 shares of the ride-sharing company’s stock, valued at approximately $63,740,000.
Several other hedge funds also recently made changes to their positions in the company. Cadence Bank increased its holdings in shares of Uber Technologies by 1.7% in the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock valued at $722,000 after acquiring an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Uber Technologies by 3.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock worth $395,000 after purchasing an additional 139 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Uber Technologies by 4.3% during the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock worth $278,000 after purchasing an additional 140 shares during the last quarter. Stonebrook Private Inc. boosted its holdings in Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after purchasing an additional 143 shares during the period. Finally, Avion Wealth boosted its holdings in Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock worth $70,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Performance
UBER stock opened at $78.89 on Friday. 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 capitalization of $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.35 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 stock’s fifty day moving average is $73.06 and its two-hundred day moving average is $73.35.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on UBER shares. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 14th. Finally, Roth Capital cut their target price on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.25.
View Our Latest Stock Analysis on Uber Technologies
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
- Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
- Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
- Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
- Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
- Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.
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.
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