Proficio Capital Partners LLC Acquires New Holdings in Uber Technologies, Inc. $UBER

Proficio Capital Partners LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, HoldingsChannel.com reports. The fund purchased 98,703 shares of the ride-sharing company’s stock, valued at approximately $7,122,000.

Several other large investors also recently made changes to their positions in the stock. Osbon Capital Management LLC bought a new stake in Uber Technologies in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.3%

Shares of UBER stock opened at $78.47 on Thursday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The stock has a market cap of $160.28 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 6.47 and a beta of 1.13. The firm’s 50-day moving average is $73.48 and its 200-day moving average is $73.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current year.

More Uber Technologies News

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

• Positive Sentiment: Uber is expanding its autonomous-vehicle ecosystem. More than 2,000 robotaxis from Pony.ai and Uber are expected to enter European roads, while Baidu’s Apollo Go autonomous vehicles are now available in parts of Dubai through the Uber app. These partnerships support Uber’s long-term platform strategy and could help it benefit from self-driving transportation without bearing all development costs. Uber and Pony.ai are about to unleash more than 2,000 robotaxis on European roads
• Positive Sentiment: Uber launched optional live video streaming for parents and guardians during teen rides. The safety-focused feature may increase trust and usage of teen accounts, although its direct financial impact is likely limited. Uber launches live video streaming for teen accounts
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating and maintained a $100 price target, implying substantial upside from recent trading levels. Uber Eats is also benefiting from relatively resilient consumer demand for food delivery. Citizens JMP rating information
• Neutral Sentiment: Uber recently cleared a procedural hurdle in a California racketeering lawsuit involving alleged fraudulent rideshare injury claims. However, the company also faces a separate class action concerning Uber Eats priority-delivery fees, leaving the overall legal impact uncertain. Uber cleared a key hurdle in its California racketeering lawsuit
• Negative Sentiment: The immediate catalyst for the decrease appears technical rather than a major change in fundamentals. Coverage characterized the move as a pullback while the stock’s chart continues to heal from prior weakness, encouraging short-term profit-taking and caution among traders. Uber Stock Is Trading Lower Today: What’s Going On?

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, July 14th. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Sanford C. Bernstein decreased their price objective on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a report on Monday, May 11th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.