UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,684,812 shares of the ride-sharing company’s stock after selling 1,033,231 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of Uber Technologies worth $915,336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Uber Technologies during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies during the 3rd quarter worth $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Up 2.6%
Shares of NYSE:UBER opened at $78.98 on Friday. The firm has a fifty day moving average price of $73.72 and a two-hundred day moving average price of $73.43. The company has a market cap of $161.32 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 6.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
- Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
- Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
- Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
- Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine
Wall Street Analyst Weigh In
Several analysts have commented on UBER shares. Truist Financial lifted their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Guggenheim reissued a “buy” rating and set a $125.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. Barclays dropped their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. TD Cowen restated a “buy” rating and issued a $118.00 price objective on shares of Uber Technologies in a research note on Thursday, July 16th. Finally, US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a research note on Monday, May 11th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.25.
Get Our Latest Analysis on Uber Technologies
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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