Tocqueville Asset Management L.P. Invests $46.47 Million in Uber Technologies, Inc. $UBER

Tocqueville Asset Management L.P. bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 643,928 shares of the ride-sharing company’s stock, valued at approximately $46,466,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Norges Bank bought a new stake in Uber Technologies during the fourth quarter worth $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Uber Technologies in the 2nd quarter valued at $752,151,000. Marshall Wace LLP increased its position in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after purchasing an additional 6,264,946 shares during the last quarter. Employees Provident Fund Board purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $265,205,000. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Uber Technologies during the 1st quarter worth $222,983,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: European robotaxi launch: Uber, Verne and Pony AI launched autonomous rides in Zagreb, Croatia—the first European city where customers can book a self-driving vehicle through Uber’s app. The service initially covers parts of the city with a licensed operator onboard, and availability is expected to expand. The milestone supports Uber’s strategy of acting as a demand and booking platform for third-party autonomous fleets. Uber launches autonomous rides in Zagreb, its first in Europe
• Positive Sentiment: Drone-delivery growth opportunity: Uber’s partnership with Zipline, including a strategic investment, is expected to bring autonomous drone delivery to Uber Eats customers across the United States. The companies are targeting one million daily deliveries by 2029, potentially improving delivery speed and expanding Uber’s addressable market. Uber and Zipline Partner on Drone Delivery
• Positive Sentiment: Relative investment appeal: Analysts said Uber’s recent earnings beat, bookings growth, business diversification and autonomous-vehicle partnerships give it an advantage over Lyft, despite Lyft’s lower valuation. Recent results showed adjusted EPS slightly above consensus and revenue growth of 12.2% year over year. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: CEO Dara Khosrowshahi is scheduled to participate in a Goldman Sachs technology conference on September 10, which could provide further insight into Uber’s autonomous-vehicle and delivery strategy but is not an immediate fundamental catalyst. Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing prices and margins if vertically integrated autonomous fleets operate at substantially lower costs. Uber’s partnerships and delivery diversification may mitigate this risk, but the transition could still challenge its traditional asset-light economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft

Uber Technologies Trading Up 4.4%

NYSE:UBER opened at $77.93 on Thursday. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The stock’s fifty day moving average price is $72.68 and its two-hundred day moving average price is $73.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $159.18 billion, a P/E ratio of 17.13, a P/E/G ratio of 6.01 and a beta of 1.13.

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 net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’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, analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UBER shares. Citizens Jmp reissued a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Royal Bank Of Canada began coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an “outperform” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Uber Technologies in a research report on Tuesday, August 4th. UBS Group cut shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus 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.