Dearborn Partners LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,753 shares of the ride-sharing company’s stock, valued at approximately $848,000.
Other hedge funds have also bought and sold shares of the company. Brooks Moore & Associates Inc. bought a new position in shares of Uber Technologies during the 2nd quarter valued at about $813,000. Equitable Holdings Inc. bought a new stake in shares of Uber Technologies in the second quarter worth about $9,235,000. Centaurus Financial Inc. purchased a new stake in shares of Uber Technologies in the second quarter worth about $6,448,000. Brasada Capital Management LP purchased a new stake in shares of Uber Technologies in the second quarter worth about $1,689,000. Finally, Pacific Heights Asset Management LLC bought a new position in Uber Technologies during the second quarter valued at approximately $27,060,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Price Performance
NYSE:UBER opened at $78.98 on Friday. The firm has a market capitalization of $161.32 billion, a price-to-earnings 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 current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $73.72 and a 200-day simple moving average of $73.43. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99.
Uber Technologies News Roundup
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
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Mizuho set a $112.00 price target on Uber Technologies in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating on shares of Uber Technologies in a report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, August 19th. Finally, Barclays decreased their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.25.
View Our Latest Stock Report on UBER
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.
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