Uber Technologies, Inc. $UBER Shares Bought by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 19.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 239,173 shares of the ride-sharing company’s stock after acquiring an additional 39,082 shares during the period. Uber Technologies accounts for 2.4% of Canvas Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. Canvas Wealth Advisors LLC’s holdings in Uber Technologies were worth $17,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies during the first quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies during the third quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Tigress Financial lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, June 12th. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a report on Tuesday, July 14th. Finally, BNP Paribas Exane cut shares of Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.25.

Uber Technologies Stock Performance

NYSE UBER opened at $78.46 on Wednesday. The stock has a market capitalization of $160.27 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 6.91 and a beta of 1.13. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $72.07 and a 200 day moving average of $73.57.

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

Uber Technologies News Roundup

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

• Positive Sentiment: Jefferies added Uber to its “Franchise Picks” list and raised its price target to $110 from $100, citing strong earnings, investor meetings and an increasingly favorable outlook for the ride-hailing and delivery businesses. Jefferies adds Uber to Franchise Picks
• Positive Sentiment: Recent quarterly results showed adjusted earnings of $0.81 per share, slightly ahead of expectations, while revenue increased 12.2% year over year to $14.19 billion. Uber also issued third-quarter EPS guidance of $0.84-$0.88, and analysts continue to point to bookings growth across Mobility and Delivery. Uber Q2 earnings analysis
• Positive Sentiment: Uber Eats expanded its retail reach through a direct point-of-sale integration with National Retail Solutions, allowing tens of thousands of independent U.S. and Canadian retailers to offer delivery with real-time inventory and automated order management. The agreement could support incremental delivery volume and merchant adoption. Uber Eats and NRS integration
• Positive Sentiment: From a technical perspective, UBER recently moved above its 200-day moving average, a signal some investors interpret as evidence of improving long-term momentum. Uber crosses 200-day moving average

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.