10,423,380 Shares in Uber Technologies, Inc. $UBER Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, Holdings Channel reports. The fund bought 10,423,380 shares of the ride-sharing company’s stock, valued at approximately $752,151,000.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Cadence Bank increased its holdings in shares of Uber Technologies by 1.7% during the 3rd quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after buying an additional 122 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of Uber Technologies by 3.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock valued at $395,000 after buying an additional 139 shares during the period. Purus Wealth Management LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Purus Wealth Management LLC now owns 4,206 shares of the ride-sharing company’s stock valued at $344,000 after acquiring an additional 140 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in Uber Technologies by 4.3% in the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock valued at $278,000 after acquiring an additional 140 shares during the last quarter. Finally, Stonebrook Private Inc. grew its position in Uber Technologies by 6.1% in the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company’s stock worth $203,000 after acquiring an additional 143 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Drone delivery expansion strengthens Uber Eats’ growth story. Uber is investing in and partnering with Zipline to offer autonomous drone deliveries through Uber Eats, beginning in the United States later this year. The companies are targeting one million daily deliveries by 2029, while Zipline says its service can deliver orders in five to 10 minutes. The initiative could improve delivery speed, expand Uber’s logistics network and reduce reliance on traditional couriers. Uber and Zipline partner on US drone delivery for Uber Eats
• Positive Sentiment: Uber is broadening its robotaxi network with Pony.ai. The companies plan to deploy more than 2,000 Level 4 robotaxis across Europe and the Middle East. The asset-light arrangement allows Uber to provide customer demand and its platform while relying on Pony.ai’s autonomous-driving technology, potentially positioning Uber to benefit from driverless mobility without owning the entire vehicle fleet. Uber Technologies plans more than 2,000 robotaxis
• Positive Sentiment: Analyst and media commentary remains bullish. Jim Cramer called Uber a strong long-term stock and said he is a buyer. Separately, coverage of Pershing Square’s investment activity highlighted Uber’s operating strength and continued investor interest in the company. Jim Cramer backs Uber
• Neutral Sentiment: Management is emphasizing AI-driven efficiency. Uber’s chief operating officer said artificial intelligence could augment or replace some roles, potentially improving productivity over time. However, the comments do not provide a specific financial forecast and could also raise questions about implementation and workforce impacts. Uber COO discusses future staffing
• Negative Sentiment: Uber’s exit from Serve Robotics underscores partnership risk. Serve has moved to a Grubhub relationship after Uber sold its stake and the companies’ agreement expired. The development suggests Uber’s autonomous-delivery strategy may involve shifting partners and could temporarily limit the benefits from sidewalk delivery robots. Uber sells Serve Robotics stake
• Negative Sentiment: Autonomous competition could pressure ride-hailing economics. Tesla’s planned Cybercab rollout highlights the long-term risk that vertically integrated robotaxi fleets could offer lower-cost rides, pressuring Uber’s take rates and margins. Uber’s platform partnerships may help it participate in the autonomous market, but regulatory delays, utilization levels and competition remain significant uncertainties.

Uber Technologies Trading Down 0.4%

NYSE UBER opened at $74.71 on Wednesday. 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 $72.49 and a two-hundred day moving average of $73.35. The stock has a market capitalization of $152.61 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 6.24 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last announced 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 during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the previous year, the business earned $0.60 EPS. 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. As a group, research analysts expect that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. BNP Paribas Exane downgraded shares of Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Jefferies Financial Group raised their target price on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.