Public Employees Retirement System of Ohio Makes New $54.42 Million Investment in Uber Technologies, Inc. $UBER

Public Employees Retirement System of Ohio purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, HoldingsChannel reports. The firm purchased 754,144 shares of the ride-sharing company’s stock, valued at approximately $54,419,000.

Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of Uber Technologies by 2.6% during the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares during the period. Public Investment Fund purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at $5,256,173,439,000. Geode Capital Management LLC lifted its stake in Uber Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth about $2,515,094,000. Finally, Northern Trust Corp boosted its holdings in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UBER shares. DA Davidson cut their price target on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. UBS Group lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating on shares of Uber Technologies in a report on Tuesday, August 4th. Mizuho set a $112.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, US Capital Advisors set a $95.00 target price on shares of Uber Technologies in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
• Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
• Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
• Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
• Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today

Uber Technologies Trading Down 2.1%

NYSE UBER opened at $76.81 on Friday. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The firm has a 50 day moving average of $73.58 and a two-hundred 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. The stock has a market capitalization of $156.90 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 6.32 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same period in the prior year, the firm posted $0.60 EPS. 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. As a group, research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Uber Technologies Company 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.