Proficio Capital Partners LLC Acquires 6,635 Shares of Uber Technologies, Inc. $UBER

Proficio Capital Partners LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,703 shares of the ride-sharing company’s stock after acquiring an additional 6,635 shares during the quarter. Proficio Capital Partners LLC’s holdings in Uber Technologies were worth $7,122,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UBER. Osbon Capital Management LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies during the first quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies News Summary

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

• Positive Sentiment: Uber prevailed in litigation brought by law firm Simon & Simon involving allegations of “sham litigation” tied to a prior RICO dispute. The favorable ruling removes a legal overhang, although the immediate financial impact appears limited. Uber defeats Simon & Simon’s Sham Litigation Claims
• Positive Sentiment: Uber’s Dubai robotaxi launch and partnerships with autonomous-vehicle developers could strengthen its position as an aggregator and distribution platform for driverless transportation, rather than requiring it to own the vehicle technology. Dubai Robotaxi Launch Shows How Uber Could Win the Robotaxi Race
• Positive Sentiment: Uber has reportedly increased AI usage more than ninefold while keeping spending roughly flat. Lower AI costs could improve operating efficiency and make artificial intelligence a future margin driver. Uber’s AI spending and efficiency
• Positive Sentiment: Uber partnered with Turkey’s Bin Ulasim to modernize the taxi ecosystem with an electric-vehicle focus, supporting its international expansion and potential electrification strategy. Uber and Bin Ulasim Turkey partnership
• Neutral Sentiment: Investor discussions remain cautiously optimistic about Uber’s valuation, free-cash-flow growth and booking expansion. However, concerns persist that autonomous-vehicle competitors could disrupt ride-hailing unless Uber successfully becomes the leading platform for robotaxi services. Uber robotaxi developments and valuation metrics
• Negative Sentiment: The primary pressure appears to be a risk-off market environment, intensified by geopolitical tensions and higher oil prices, combined with investor disappointment over Uber’s third-quarter guidance. Uber projected gross bookings of $58.25 billion to $60.25 billion and adjusted EPS of $0.84 to $0.88, which investors viewed as less compelling than expected. Uber market weakness and guidance concerns
• Negative Sentiment: Recent insider activity shows one open-market sale and no purchases: Chief People Officer Nikki Krishnamurthy sold 30,000 shares. The transaction is not necessarily a forecast of business performance but may add modestly to sentiment concerns.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen reissued a “buy” rating and set a $118.00 price objective on shares of Uber Technologies in a report on Thursday, July 16th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. Wedbush initiated coverage on Uber Technologies in a research note on Thursday, July 16th. They set an “outperform” rating and a $91.00 price target on the stock. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. Finally, Bank of America reduced their price target on Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.25.

Uber Technologies Trading Down 4.1%

Shares of UBER stock opened at $75.61 on Tuesday. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $154.44 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 6.35 and a beta of 1.13. The stock has a 50-day moving average of $73.80 and a 200-day moving average of $73.44.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current year.

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.