MASTERINVEST Kapitalanlage GmbH acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 87,739 shares of the ride-sharing company’s stock, valued at approximately $6,331,000.
Several other hedge funds also recently modified their holdings of the stock. BIP Wealth LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $1,033,000. Pacer Advisors Inc. grew its holdings in 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 during the period. PNC Financial Services Group Inc. grew its holdings in Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after purchasing an additional 29,587 shares during the period. Mach 1 Financial Group LLC acquired a new position in Uber Technologies during the fourth quarter worth approximately $1,220,000. Finally, Weiss Asset Management LP increased its position in Uber Technologies by 465.5% during the first 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. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 2.1%
Shares of UBER stock opened at $76.81 on Friday. The firm has a 50 day moving average price of $73.58 and a two-hundred day moving average price of $73.39. 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 $156.90 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 6.32 and a beta of 1.13. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
- Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
- Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
- Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
- Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
- Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
- Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today
Wall Street Analyst Weigh In
UBER has been the topic of several research analyst reports. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 14th. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. Wedbush began coverage on Uber Technologies in a report on Thursday, July 16th. They set an “outperform” rating and a $91.00 target price on the stock. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. One equities 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 company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.25.
View Our Latest Stock Analysis on Uber Technologies
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.
Featured Articles
- Five stocks we like better than Uber Technologies
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
