NBH Bank acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,548 shares of the ride-sharing company’s stock, valued at approximately $545,000.
A number of other institutional investors have also made changes to their positions in UBER. Osbon Capital Management LLC purchased a new stake in Uber Technologies during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in Uber Technologies in the 4th quarter worth $25,000. Portus Wealth Advisors LLC purchased a new position in Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.
Uber Technologies Stock Performance
Shares of Uber Technologies stock opened at $75.75 on Friday. 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, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The firm’s 50-day simple moving average is $74.04 and its 200-day simple moving average is $73.57. The firm has a market cap of $154.72 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 6.10 and a beta of 1.16.
Analysts Set New Price Targets
A number of analysts have recently issued reports on UBER shares. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Thursday. Susquehanna lowered their price objective on Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Roth Capital lowered their price objective on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Needham & Company LLC restated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Finally, BMO Capital Markets set a $119.00 target price on Uber Technologies in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.49.
View Our Latest Stock Report on UBER
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 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.
Recommended Stories
- Five stocks we like better than Uber Technologies
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
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.
