Portfolio Design Labs LLC Purchases New Holdings in Uber Technologies, Inc. $UBER

Portfolio Design Labs LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,614 shares of the ride-sharing company’s stock, valued at approximately $1,127,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares during the last quarter. Capital Research Global Investors increased its holdings in Uber Technologies by 2.6% during the fourth 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 last quarter. Geode Capital Management LLC increased its holdings in 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 worth $3,906,083,000 after buying an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies in the fourth quarter worth about $2,515,094,000. Finally, Northern Trust Corp boosted its stake in Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UBER shares. KeyCorp decreased their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Mizuho set a $112.00 price objective on Uber Technologies in a research note on Thursday, August 6th. Truist Financial increased their price objective on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research report on Monday, May 11th. Finally, Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Robotaxi expansion in Dubai: Uber launched Baidu’s fully driverless Apollo Go vehicles on its platform in Dubai, creating what the companies described as the first global multi-partner autonomous network. The initiative strengthens Uber’s role as the marketplace connecting riders, autonomous fleets and local operators, without requiring Uber to build the vehicles itself. Uber Launches Baidu’s Fully Driverless Apollo Go in Dubai
• Positive Sentiment: Autonomous rides reach Europe: Uber, Pony.ai and Verne began offering autonomous rides in Zagreb, Croatia—the first European city where riders can book a self-driving vehicle through Uber’s app. The launch expands Uber’s long-term opportunity to participate in AV economics while relying on partners for vehicle technology and operations. Uber launches autonomous rides in Zagreb
• Positive Sentiment: Analyst and media support: Commentary comparing Uber with Lyft highlighted Uber’s stronger bookings growth, diversification and AV partnerships. Jim Cramer also remained bullish on Uber as a long-term holding, adding to the favorable sentiment around the stock. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results?
• Neutral Sentiment: Portfolio rebalancing involving Aurora: Uber sold approximately $472 million of Aurora Innovation stock but continues to own more than 186 million shares. The sale provides liquidity and may realize gains, although it reduces Uber’s direct exposure to Aurora’s future upside. Uber Sells $472 Million of Aurora Stock
• Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing pricing and margins if autonomous vehicles reduce the cost of competing services. The risk is longer term, but it highlights potential disruption to Uber’s core marketplace economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $78.61 on Friday. The company has a 50 day moving average of $72.86 and a 200 day moving average of $73.31. The stock has a market cap of $160.57 billion, a P/E ratio of 17.28, a P/E/G ratio of 6.29 and a beta of 1.13. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month 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.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) 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 business had revenue of $14.19 billion for the quarter, compared to analysts’ expectations of $14.24 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

About Uber Technologies

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.