Kimelman & Baird LLC Invests $24.46 Million in Uber Technologies, Inc. $UBER

Kimelman & Baird LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 339,042 shares of the ride-sharing company’s stock, valued at approximately $24,465,000.

Other hedge funds have also recently made changes to their positions in the company. BIP Wealth LLC acquired a new position in Uber Technologies during the second quarter worth approximately $1,033,000. Pacer Advisors Inc. boosted its holdings in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after acquiring an additional 985,989 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after acquiring an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $1,220,000. Finally, Weiss Asset Management LP increased its holdings in shares of Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock valued at $4,497,000 after acquiring an additional 51,465 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
• Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine

Uber Technologies Stock Up 2.6%

Shares of Uber Technologies stock opened at $78.98 on Friday. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The company has a market cap of $161.32 billion, a P/E ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average of $73.72 and a two-hundred day moving average of $73.43.

Uber Technologies (NYSE:UBER) last issued its 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 net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. TD Cowen reaffirmed a “buy” rating and issued a $118.00 target price on shares of Uber Technologies in a report on Thursday, July 16th. Tigress Financial raised their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Tuesday. Finally, Wolfe Research set a $100.00 price objective on Uber Technologies in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.25.

Uber Technologies 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.