Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in Uber Technologies, Inc. $UBER

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,827,707 shares of the ride-sharing company’s stock after selling 354,711 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Uber Technologies were worth $348,367,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UBER. Cadence Bank boosted its holdings in shares of Uber Technologies by 1.7% during the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after purchasing an additional 122 shares during the period. TFR Capital LLC. lifted its holdings in Uber Technologies by 4.1% in the 4th quarter. TFR Capital LLC. now owns 3,449 shares of the ride-sharing company’s stock worth $282,000 after buying an additional 137 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Uber Technologies by 3.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company’s stock worth $395,000 after buying an additional 139 shares during the period. Purus Wealth Management LLC grew its position in shares of Uber Technologies by 3.4% in the 4th quarter. Purus Wealth Management LLC now owns 4,206 shares of the ride-sharing company’s stock worth $344,000 after buying an additional 140 shares during the last quarter. Finally, KPP Advisory Services LLC increased its stake in shares of Uber Technologies by 4.3% during the fourth quarter. KPP Advisory Services LLC now owns 3,406 shares of the ride-sharing company’s stock valued at $278,000 after buying an additional 140 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UBER. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Cantor Fitzgerald decreased their price objective on Uber Technologies from $98.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Wedbush started coverage on shares of Uber Technologies in a research note on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $100.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, KeyCorp lowered their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Uber Technologies Trading Up 0.0%

Shares of NYSE UBER opened at $75.88 on Friday. The firm’s 50 day moving average price is $72.31 and its 200-day moving average price is $73.49. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $154.99 billion, a PE ratio of 16.68, a P/E/G ratio of 6.24 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last announced its quarterly 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. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 3.33 EPS for the current fiscal year.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber and Chinese autonomous-driving company Pony.ai expanded their partnership, targeting the deployment of more than 2,000 robotaxis across Europe. The plan builds on the existing Zagreb service and adds four additional European cities, with potential expansion into the Middle East. The initiative could give Uber a scalable path into autonomous mobility without owning the entire vehicle fleet. China’s Pony.ai, Uber to jointly deploy over 2,000 robotaxis in Europe
• Positive Sentiment: Uber is also preparing a Tokyo robotaxi pilot for late 2026 with Japanese taxi operator Hinomaru Kotsu. The local partner will handle fleet operations, maintenance, charging and vehicle uptime, potentially helping Uber navigate Japan’s regulatory and operational requirements. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Several investment analyses argue that Uber’s valuation looks attractive after the stock’s recent weakness. Supporters point to continued market-share gains, improving margins and more than $58 billion in second-quarter gross bookings, with Mobility, Delivery and Freight all contributing to growth. Uber Stock Looks Cheap. Here’s Why.
• Neutral Sentiment: Uber CEO Dara Khosrowshahi highlighted Japan as an important market for both Delivery and Mobility, reinforcing management’s broader strategy of using regional partners to expand robotaxi services. However, the European rollout and Tokyo pilot remain future deployments rather than near-term revenue catalysts.
• Negative Sentiment: Uber Freight is investigating a cybersecurity incident involving unauthorized access to certain internal systems and code repositories. The company said Freight operations were not disrupted and that the incident was contained, but the potential scope of compromised data remains under review. Separately, investors continue to debate whether autonomous vehicles could eventually pressure Uber’s driver-based network economics, despite the company’s partnerships. Uber Freight investigates cyber incident after hackers claim million-file leak

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.