GSA Capital Partners LLP purchased a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 6,658 shares of the ride-sharing company’s stock, valued at approximately $480,000.
Several other large investors have also modified their holdings of the stock. Stoneridge Investment Partners LLC purchased a new position in Uber Technologies in the 2nd quarter worth about $1,184,000. Avalon Trust Co purchased a new stake in Uber Technologies during the second quarter valued at about $55,000. TFR Capital LLC. purchased a new stake in Uber Technologies during the second quarter valued at about $268,000. One Wealth Advisors LLC acquired a new position in shares of Uber Technologies in the second quarter worth about $391,000. Finally, Clearstead Trust LLC acquired a new position in shares of Uber Technologies in the second quarter worth about $1,210,000. 80.24% of the stock is owned by institutional investors.
Uber Technologies Trading Up 0.4%
Shares of NYSE UBER opened at $78.89 on Friday. The business has a 50 day simple moving average of $73.06 and a 200 day simple moving average of $73.35. 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 $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on UBER shares. Bank of America cut their price target on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 14th. Susquehanna cut their target price on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Roth Capital decreased their target price on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.25.
View Our Latest Analysis on UBER
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai
- Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis
- Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat.
- Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock
- Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions
- Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems.
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.
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