Washington Trust Advisors Inc. Sells 10,278 Shares of Uber Technologies, Inc. $UBER

Washington Trust Advisors Inc. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.6% during the second quarter, HoldingsChannel.com reports. The firm owned 275,959 shares of the ride-sharing company’s stock after selling 10,278 shares during the period. Uber Technologies accounts for 1.5% of Washington Trust Advisors Inc.’s portfolio, making the stock its 16th biggest position. Washington Trust Advisors Inc.’s holdings in Uber Technologies were worth $19,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies during the 3rd quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Osbon Capital Management LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Uber Technologies during the fourth quarter worth $27,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UBER shares. Sanford C. Bernstein dropped their target price on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. KeyCorp dropped their price objective on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Barclays cut their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, Mizuho set a $112.00 target price on Uber Technologies in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued 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 has a consensus rating of “Moderate Buy” and a consensus price target of $104.49.

Uber Technologies News Summary

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

• Positive Sentiment: Robotaxi rollout strengthens Uber’s long-term growth narrative. Uber and Wayve launched supervised autonomous rides in London using electric Ford Mustang Mach-E vehicles. The partnership allows Uber to commercialize self-driving technology without developing or manufacturing its own vehicles, potentially supporting higher margins with less capital investment. Uber and AI-firm Wayve launch London’s first robotaxis
• Positive Sentiment: Analyst support and earnings momentum are helping sentiment. BTIG reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded Uber to Strong Buy. Articles also note that shares are up 7.8% since the most recent earnings report, when Uber narrowly exceeded its quarterly EPS estimate and delivered double-digit revenue growth. Why Is Uber Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Cost savings could improve profitability. Uber plans to eliminate management layers and streamline teams, which could reduce expenses and redirect resources toward artificial intelligence, autonomous rides and platform expansion. The market initially viewed the restructuring as a potential efficiency improvement rather than solely as a sign of weakness. Uber to Cut 10% of Jobs
• Neutral Sentiment: Execution and regulatory factors remain important. London rides are initially supervised, so Uber must demonstrate safety, consumer adoption and regulatory progress before autonomous services can scale meaningfully. Uber’s asset-light approach also leaves much of the technology development to partners such as Wayve.
• Negative Sentiment: The restructuring highlights disruption and competitive pressure. The planned reduction of roughly 3,300 employees, or about 10% of the workforce, is Uber’s largest round of cuts since the pandemic. Investment in robotaxis could also require substantial spending before producing material financial benefits, while Walmart’s expansion of restaurant delivery adds competition in Uber Eats. Uber to Lay Off 3,300 Employees

Uber Technologies Price Performance

Shares of NYSE UBER opened at $75.75 on Monday. The firm has a market cap of $154.72 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 6.00 and a beta of 1.16. 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, Inc. has a 1-year low of $65.41 and a 1-year high of $101.99. The business’s 50 day moving average is $74.04 and its 200-day moving average is $73.60.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the previous year, the company posted $0.60 EPS. 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. Equities research analysts predict that Uber Technologies, Inc. will post 3.45 earnings per share for the current year.

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.