State of Wyoming Buys Shares of 6,843 Uber Technologies, Inc. $UBER

State of Wyoming purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, Holdings Channel reports. The fund purchased 6,843 shares of the ride-sharing company’s stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ABN AMRO Bank N.V. bought a new position in Uber Technologies in the 2nd quarter worth approximately $75,049,000. S&CO Inc. bought a new stake in Uber Technologies during the 2nd quarter valued at $1,681,000. Kelleher Financial Advisors bought a new stake in Uber Technologies during the 2nd quarter valued at $232,000. GSA Capital Partners LLP bought a new stake in Uber Technologies during the 2nd quarter valued at $480,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Uber Technologies during the 2nd quarter worth $1,184,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Drone delivery partnership with Zipline: Uber Eats will offer autonomous drone delivery in the United States, beginning in markets such as Dallas and Houston later this year. Uber is also making a strategic investment in Zipline, and the companies are targeting as many as one million deliveries per day by the end of 2029. The partnership could improve delivery speed, expand Uber’s logistics network and eventually reduce fulfillment costs. Uber, Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Expanded Pony.ai robotaxi agreement: Uber and Pony.ai plan to deploy more than 2,000 Level 4 autonomous vehicles across Europe and the Middle East. The rollout moves beyond small pilots and reinforces Uber’s asset-light approach: it can provide demand, routing and payments through its platform while partners supply autonomous-driving technology and vehicles. Uber Expands PONY Robotaxi Deal
• Neutral Sentiment: Near-term financial impact remains uncertain: Drone and robotaxi deployments could create new growth avenues, but the announcements provide few immediate revenue or earnings details. Regulatory approvals, vehicle availability, safety performance and consumer adoption will determine how quickly these initiatives become material.
• Negative Sentiment: Uber exits Serve Robotics investment: Uber sold its entire stake in sidewalk-delivery company Serve Robotics amid “differing views,” while Serve is replacing volume from its expiring Uber relationship with a new Grubhub partnership. The move may raise concerns about Uber’s commitment to certain autonomous-delivery projects, though the direct financial effect on Uber appears modest. Uber Sells Serve Robotics Stake

Uber Technologies Price Performance

UBER opened at $74.80 on Tuesday. The firm has a market capitalization of $152.78 billion, a P/E ratio of 16.44, a PEG ratio of 6.24 and a beta of 1.13. The stock has a fifty day moving average of $72.41 and a 200-day moving average of $73.39. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Wedbush started coverage on shares of Uber Technologies in a research note on Thursday, July 16th. They set an “outperform” rating and a $91.00 target price on the stock. Evercore reaffirmed an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Bank of America reduced their target price on Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. BMO Capital Markets reissued an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Finally, Citizens Jmp restated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.25.

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.