Arizona State Retirement System Cuts Stock Position in Uber Technologies, Inc. $UBER

Posted by Brenda Bartman on Sep 8th, 2026

Arizona State Retirement System decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,533 shares of the ride-sharing company’s stock after selling 46,220 shares during the period. Arizona State Retirement System’s holdings in Uber Technologies were worth $35,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cadence Bank raised its position in Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after acquiring an additional 122 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of Uber Technologies by 3.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after purchasing an additional 139 shares during the period. Stonebrook Private Inc. increased its stake in shares of Uber Technologies by 6.1% during 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 in the last quarter. Avion Wealth raised its position in shares of Uber Technologies by 17.3% during the 1st 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 last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Uber Technologies by 15.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company’s stock worth $78,000 after purchasing an additional 147 shares during the last quarter. 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: Analyst support: Wedbush reaffirmed its “outperform” rating and set a $91 price target, implying substantial upside from the recent trading level. Tesla Cybercab vs. Uber: Who Wins the Robotaxi Race?
Positive Sentiment: Insider buying: Director Andrew Macdonald purchased 70,000 shares for approximately $5.3 million, increasing his ownership by nearly 20%. The transaction may signal management confidence in Uber’s valuation and outlook. SEC insider purchase filing
Positive Sentiment: Asset-light autonomous strategy: Uber and Wayve launched supervised autonomous rides in London with Ford, allowing Uber to participate in robotaxis without developing and owning a vehicle fleet. Strong free cash flow and expanding EBITDA margins support this partnership-based approach. Uber’s Wayve Deal Shows How It Wants to Win Without Building Cars
Neutral Sentiment: Fundamentals versus valuation concerns: Recent coverage highlighted sharply improved profits and more than $10 billion in free cash flow, yet the stock has struggled to gain traction. Investors may be discounting the risk that autonomous vehicles disrupt Uber’s core marketplace before its partnerships generate meaningful returns. If Uber’s Fundamentals Have Dramatically Improved, Why Has the Stock Gone Nowhere?
Negative Sentiment: Tesla robotaxi threat: Tesla’s Cybercab moving into commercial service, alongside regulatory progress for Tesla’s full-self-driving technology, intensified fears that Tesla could capture autonomous ride demand and weaken Uber’s competitive position. Uber Falls on Tesla Cybercab Threat
Negative Sentiment: Execution and financing risks: Reports of planned exits from Nigeria and Uganda, a workforce reduction, potential Delivery Hero acquisition debt, and renewed robotaxi competition from former Uber CEO Travis Kalanick’s Atoms venture add uncertainty to Uber’s growth outlook.

Uber Technologies Price Performance

UBER traded down $2.70 on Tuesday, reaching $73.06. 25,806,669 shares of the company’s stock were exchanged, compared to its average volume of 19,206,037. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The stock has a market cap of $149.22 billion, a PE ratio of 16.06, a P/E/G ratio of 6.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $74.05 and its 200-day moving average price is $73.63.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data 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. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 3.45 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of Uber Technologies in a report on Wednesday, September 2nd. Wedbush reissued an “outperform” rating and set a $91.00 target price on shares of Uber Technologies in a report on Tuesday. Wolfe Research set a $100.00 target price on Uber Technologies in a research report on Friday, May 29th. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities initiated coverage on Uber Technologies in a research report on Tuesday, September 1st. They set a “buy” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $104.49.

Check Out Our Latest Report on Uber Technologies

Insider Activity at Uber Technologies

In related news, insider Andrew Macdonald purchased 70,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the acquisition, the insider owned 426,320 shares in the company, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.81% of the company’s stock.

Uber Technologies Company Profile

(Free Report)

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.