Johnson Financial Group Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 16,187 shares of the ride-sharing company’s stock, valued at approximately $1,168,000.
Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the 3rd quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $25,000. Imprint Wealth LLC purchased a new stake in Uber Technologies in the third quarter valued at approximately $32,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
More Uber Technologies News
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 Stock Up 4.4%
Uber Technologies (NYSE:UBER – Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping 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 firm had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same period in the previous year, the firm posted $0.60 EPS. Uber Technologies’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, equities analysts predict that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently commented on UBER. Royal Bank Of Canada initiated coverage on Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. BMO Capital Markets reissued an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. US Capital Advisors set a $95.00 target price on Uber Technologies in a research report on Monday, May 11th. Finally, Barclays reduced their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.
Read Our Latest Stock Analysis on UBER
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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