12,267 Shares in Uber Technologies, Inc. $UBER Bought by L2 Asset Management LLC

L2 Asset Management LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,267 shares of the ride-sharing company’s stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Vega Investment Solutions acquired a new stake in shares of Uber Technologies in the second quarter valued at about $208,000. Partners Capital Investment Group LLP acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $221,000. Visionary Wealth Advisors acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $761,000. Dearborn Partners LLC purchased a new position in Uber Technologies in the 2nd quarter valued at about $844,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in Uber Technologies in the 2nd quarter valued at about $328,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. HSBC lowered Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Sanford C. Bernstein reduced their target price on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Uber Technologies Price Performance

Shares of UBER stock opened at $79.27 on Tuesday. 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 firm’s 50-day moving average is $73.19 and its two-hundred day moving average is $73.31. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The company has a market capitalization of $161.92 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last posted 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 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 business posted $0.60 EPS. Uber Technologies’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. Analysts predict that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Robotaxi expansion in Dubai: Fully driverless Baidu Apollo Go vehicles have begun operating in Dubai under Uber’s multi-year strategic partnership. The launch strengthens Uber’s autonomous-vehicle strategy and could eventually improve service availability and long-term margins. Uber’s Robotaxi Push Gains Pace in Dubai: Baidu’s Vehicles Debut
• Positive Sentiment: PGA TOUR partnership: Uber became the PGA TOUR’s official rideshare sponsor, while Uber Eats was named its official on-demand food-delivery sponsor. The agreement provides brand visibility and potential demand from events and fans. PGA TOUR taps Uber as official sponsor
• Positive Sentiment: India road-trip partnership: Zoomcar users can now compare and book Uber Intercity chauffeur-driven rides alongside self-drive rentals. The arrangement may expand Uber’s travel-related customer acquisition and booking opportunities in India. Zoomcar and Uber partner to give travelers more ways to plan road trips
• Neutral Sentiment: Analyst and institutional support: Uber retains a broadly favorable analyst view, with a reported median price target of $109.50. Bill Ackman’s Pershing Square also accumulated a large Uber position in the second quarter, though institutional ownership changes were mixed.
• Negative Sentiment: €824.99 million Dutch GDPR fine: The Dutch data-protection regulator said Uber used automated systems to suspend or permanently deactivate drivers based on conduct and customer-feedback data. The penalty—reported at roughly $966 million—could pressure earnings, raise compliance costs, and increase regulatory scrutiny across Europe. Dutch regulator fines Uber €824.99m

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.