Westpac Banking Corp Invests $1.72 Million in Uber Technologies, Inc. $UBER

Posted by Brian Himes on Aug 23rd, 2026

Westpac Banking Corp bought a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 23,836 shares of the ride-sharing company’s stock, valued at approximately $1,720,000.

A number of other hedge funds also recently bought and sold shares of UBER. TRB Wealth Management LLC bought a new position in Uber Technologies during the 2nd quarter valued at approximately $469,000. Sumitomo Life Insurance Co. purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $15,270,000. Long Corridor Asset Management Ltd purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $2,886,000. GCQ FUNDS MANAGEMENT PTY Ltd bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $63,130,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $2,068,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UBER. HSBC downgraded Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Guggenheim reissued a “buy” rating and set a $125.00 price objective on shares of Uber Technologies in a research report on Thursday, August 6th. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Mizuho set a $112.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $104.25.

Get Our Latest Stock Report on UBER

Uber Technologies Stock Up 0.4%

Shares of NYSE:UBER opened at $78.89 on Friday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The firm has a market capitalization of $161.14 billion, a P/E ratio of 17.34, a P/E/G ratio of 6.35 and a beta of 1.13. The stock has a 50 day moving average price of $73.06 and a 200-day moving average price of $73.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’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. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

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 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.