Syon Capital LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 56.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,017 shares of the ride-sharing company’s stock after acquiring an additional 8,298 shares during the period. Syon Capital LLC’s holdings in Uber Technologies were worth $1,661,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the third quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in Uber Technologies during the 4th quarter worth $25,000. Portus Wealth Advisors LLC purchased a new stake in Uber Technologies during the 1st quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London’s first robotaxis
- Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
- Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
- Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
- Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees
Uber Technologies Stock Down 0.3%
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on UBER. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. Susquehanna reduced their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a report on Thursday, August 6th. TD Cowen reaffirmed a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. KeyCorp lowered their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.49.
Read Our Latest Stock Report on UBER
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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