Caisse de depot et placement du Quebec Makes New $89.60 Million Investment in Uber Technologies, Inc. $UBER

Caisse de depot et placement du Quebec bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,241,643 shares of the ride-sharing company’s stock, valued at approximately $89,597,000. Caisse de depot et placement du Quebec owned approximately 0.06% of Uber Technologies at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBER. Norges Bank purchased a new stake in Uber Technologies during the 4th quarter worth approximately $2,515,094,000. Legal & General Group Plc purchased a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $752,151,000. Marshall Wace LLP grew its position in shares of Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after buying an additional 6,264,946 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Uber Technologies during the second quarter worth approximately $426,727,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.3%

NYSE:UBER opened at $78.47 on Thursday. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The firm has a market capitalization of $160.28 billion, a P/E ratio of 17.25, a P/E/G ratio of 6.47 and a beta of 1.13. 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 business has a 50 day simple moving average of $73.48 and a 200 day simple moving average of $73.38.

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

Uber Technologies News Roundup

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 Analyst Weigh In

Several research firms recently issued reports on UBER. The Goldman Sachs Group set a $100.00 price target on shares of Uber Technologies in a report on Monday, June 29th. Wedbush started coverage on shares of Uber Technologies in a research report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 target price for the company. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a research report on Friday, May 29th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.25.

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.