Uber Technologies, Inc. $UBER Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 73.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,271,569 shares of the ride-sharing company’s stock after buying an additional 1,815,771 shares during the period. Assenagon Asset Management S.A.’s holdings in Uber Technologies were worth $308,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP purchased a new position in Uber Technologies during the first quarter worth about $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies in the 2nd quarter valued at about $842,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 3.4%

NYSE UBER opened at $70.51 on Friday. The firm’s 50-day moving average is $71.77 and its two-hundred day moving average is $73.72. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month 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 1.07. The stock has a market capitalization of $143.53 billion, a P/E ratio of 15.50, a PEG ratio of 6.23 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last announced 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. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same quarter last year, the firm posted $0.60 earnings per share. Uber Technologies’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. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.99 earnings per share for the current year.

More Uber Technologies News

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

• Positive Sentiment: Core business growth remains robust. Second-quarter gross bookings rose 24% year over year, trips increased 18% to 3.9 billion, and monthly active platform consumers climbed 16% to 208 million. Adjusted EBITDA reached approximately $2.8 billion, while operating cash flow was $2.9 billion and trailing free cash flow exceeded $10 billion. Uber Announces Results for Second Quarter 2026
• Positive Sentiment: Autonomous-vehicle progress supports the long-term story. Uber and Wayve received London licenses for supervised robotaxi rides, while partnerships with Rivian and other autonomous-vehicle developers could expand Uber’s future network without requiring it to own every vehicle. Some investors, including Bill Ackman and Gary Black, argue Uber is well positioned to aggregate robotaxi demand. Wayve and Uber Move a Step Closer to Autonomous Rides in London
• Positive Sentiment: Analyst and trading signals remain supportive. Guggenheim, Needham, and William Blair maintained bullish ratings, while elevated call-option activity indicated increased speculative interest. Bank of America and Bernstein lowered their price targets but retained Buy or Outperform-equivalent ratings, suggesting valuation—not a deteriorating business—is the primary concern. Uber price target lowered by Bank of America
• Neutral Sentiment: Quarterly results were mixed. Uber reported adjusted EPS of $0.81, slightly above consensus, and revenue of $14.19 billion, up 12.2% year over year but narrowly below estimates. GAAP EPS benefited from investment revaluations, making underlying operating results more important to investors.
• Negative Sentiment: Near-term guidance disappointed. Third-quarter adjusted EPS guidance of $0.84–$0.88 was below the roughly $0.89 consensus, while foreign-exchange pressure and competition in Brazil could restrain bookings growth. The outlook initially triggered selling despite strong bookings. Uber issues weaker-than-expected third-quarter forecasts
• Negative Sentiment: Robotaxi investment and Uber Freight remain risks. Uber plans to invest more than $10 billion in autonomous vehicles, raising concerns that the asset-light model could become more capital intensive. Separately, Uber Freight remains unprofitable despite a significant revenue increase. Uber Freight still unprofitable after big revenue jump

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research note on Monday, June 22nd. Sanford C. Bernstein reduced their price target on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of Uber Technologies in a report on Wednesday. Mizuho set a $112.00 price objective on Uber Technologies in a report on Thursday. Finally, Wolfe Research set a $100.00 price objective on Uber Technologies in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.23.

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.