III Capital Management Purchases Shares of 40,099 Uber Technologies, Inc. $UBER

III Capital Management acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,099 shares of the ride-sharing company’s stock, valued at approximately $2,894,000. Uber Technologies comprises about 0.7% of III Capital Management’s portfolio, making the stock its 18th largest holding.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors raised its holdings in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after buying an additional 2,903,021 shares during the period. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after acquiring an additional 1,602,596 shares during the period. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $2,515,094,000. Northern Trust Corp boosted its stake in Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after purchasing an additional 297,132 shares during the period. Finally, Capital World Investors boosted its stake in Uber Technologies by 1.5% in the 4th quarter. Capital World Investors now owns 17,278,031 shares of the ride-sharing company’s stock worth $1,411,793,000 after purchasing an additional 261,564 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Monday, July 20th. Bank of America decreased their price objective on Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. Finally, Tigress Financial lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. One investment 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. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Uber Technologies Stock Up 1.3%

Uber Technologies stock opened at $80.33 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The firm’s fifty day simple moving average is $73.33 and its 200-day simple moving average is $73.36. The company has a market capitalization of $164.07 billion, a P/E ratio of 17.65, a P/E/G ratio of 6.39 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $14.24 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: New teen safety feature: Uber launched live video streaming for teen accounts, allowing parents to check in during rides. The feature, which will roll out nationwide in the U.S. in the coming weeks, could improve rider confidence and support family-account adoption. Uber launches live video streaming for teen accounts
• Positive Sentiment: Autonomous-vehicle expansion: Baidu’s fully driverless Apollo Go vehicles have begun operating in Dubai under Uber’s multiyear partnership. The deployment advances Uber’s robotaxi strategy and may strengthen its long-term position as autonomous transportation develops. Uber’s Robotaxi Push Gains Pace in Dubai
• Positive Sentiment: Analyst confidence: Citizens JMP reaffirmed its “Market Outperform” rating and set a $100 price target, implying substantial upside from recent trading levels.
• Positive Sentiment: Resilient Uber Eats demand: Food delivery is holding up as consumers reduce spending in other categories, suggesting Uber Eats could remain a relatively defensive growth business. Uber also expanded travel options in India through a partnership with Zoomcar and became the PGA Tour’s official rideshare and food-delivery partner.
• Neutral Sentiment: Mixed valuation and momentum: A bullish investment article cited Uber’s growth prospects, while another argued that growth expectations are already reflected in the valuation. Over six months, the stock has lagged the S&P 500, despite trading well above its one-year low.
• Negative Sentiment: Major regulatory liability: Dutch authorities fined Uber €824.99 million—approximately $966 million—for using automated systems to suspend or deactivate drivers. The penalty could create a substantial financial charge and increase compliance costs or regulatory risk in Europe. Dutch regulator fines Uber €824.99m

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.