Capital Advisors Inc. OK increased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 42.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 559,087 shares of the ride-sharing company’s stock after purchasing an additional 167,264 shares during the quarter. Capital Advisors Inc. OK’s holdings in Uber Technologies were worth $40,344,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Stock Performance
UBER opened at $78.98 on Friday. The business has a fifty day simple moving average of $73.72 and a 200 day simple moving average of $73.43. The company has a market capitalization of $161.32 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. HSBC cut Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. Finally, Truist Financial lifted their target price on shares of Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.
Read Our Latest Stock Report on Uber Technologies
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps
- Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits
- Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
- Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High
- Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine
Uber Technologies 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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