E. Ohman J or Asset Management AB Buys 32,970 Shares of Uber Technologies, Inc. $UBER

E. Ohman J or Asset Management AB lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 383,520 shares of the ride-sharing company’s stock after buying an additional 32,970 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Uber Technologies were worth $27,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cadence Bank grew its position in Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock valued at $722,000 after acquiring an additional 122 shares during the period. Avion Wealth raised its stake in Uber Technologies by 17.5% during the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock worth $68,000 after acquiring an additional 125 shares in the last quarter. TFR Capital LLC. lifted its holdings in shares of Uber Technologies by 4.1% during the fourth quarter. TFR Capital LLC. now owns 3,449 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 137 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Uber Technologies by 3.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after acquiring an additional 139 shares during the period. Finally, Purus Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Purus Wealth Management LLC now owns 4,206 shares of the ride-sharing company’s stock valued at $344,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Key Uber Technologies News

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

• Positive Sentiment: Jefferies raised its price target: Jefferies added Uber to its “Franchise Picks” list and increased its target to $110 from $100, maintaining a Buy rating. The firm cited strong earnings and investor meetings, suggesting greater confidence in Uber’s growth outlook. Jefferies adds Uber to Franchise Picks
• Positive Sentiment: Quarterly results exceeded expectations: Uber reported adjusted EPS of $0.81 versus the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion. Management also provided a constructive bookings outlook, supporting the view that demand remains resilient. Uber Q2 earnings beat
• Positive Sentiment: Growth initiatives remain key catalysts: Uber’s earnings call highlighted continued expansion, cash generation and investments in autonomous-vehicle partnerships. These initiatives could broaden Uber’s long-term addressable market and improve operating leverage. Uber earnings call highlights
• Neutral Sentiment: International operations remain important: Analysts are evaluating Uber’s reliance on international revenue, which provides substantial growth potential but also exposes the company to currency movements, regulation and varying regional demand. Uber international revenue analysis
• Negative Sentiment: Near-term concerns remain: Although bookings trends are encouraging, commentary points to a softer EPS outlook and recent stock underperformance. Investors may therefore remain focused on whether growth investments translate into sustained earnings expansion. Uber investment outlook

Uber Technologies Stock Performance

Uber Technologies stock opened at $77.85 on Tuesday. The company has a market cap of $158.47 billion, a PE ratio of 17.11, a PEG ratio of 6.65 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company’s 50-day moving average is $71.94 and its two-hundred day moving average is $73.61.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 3.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UBER shares. The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a report on Monday, June 29th. Weiss Ratings lowered shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, July 14th. One research analyst has 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, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average 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.