III Capital Management Buys New Position in Uber Technologies, Inc. $UBER

III Capital Management purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 40,099 shares of the ride-sharing company’s stock, valued at approximately $2,894,000. Uber Technologies accounts for 0.7% of III Capital Management’s holdings, making the stock its 18th largest position.

Other hedge funds also recently modified their holdings of the company. EFG International AG bought a new position in Uber Technologies during the second quarter worth $4,134,000. Ancora Advisors LLC acquired a new stake in Uber Technologies in the 2nd quarter worth $3,426,000. Primecap Management Co. CA bought a new position in shares of Uber Technologies during the 2nd quarter worth about $29,918,000. Canada Pension Plan Investment Board acquired a new position in shares of Uber Technologies during the second quarter valued at about $232,347,000. Finally, Castleark Management LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $13,668,000. 80.24% of the stock is owned by institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: New teen safety feature: Uber launched live video streaming for teen accounts, allowing parents to check in during rides. The feature, which will roll out nationwide in the U.S. in the coming weeks, could improve rider confidence and support family-account adoption. Uber launches live video streaming for teen accounts
• Positive Sentiment: Autonomous-vehicle expansion: Baidu’s fully driverless Apollo Go vehicles have begun operating in Dubai under Uber’s multiyear partnership. The deployment advances Uber’s robotaxi strategy and may strengthen its long-term position as autonomous transportation develops. Uber’s Robotaxi Push Gains Pace in Dubai
• Positive Sentiment: Analyst confidence: Citizens JMP reaffirmed its “Market Outperform” rating and set a $100 price target, implying substantial upside from recent trading levels.
• Positive Sentiment: Resilient Uber Eats demand: Food delivery is holding up as consumers reduce spending in other categories, suggesting Uber Eats could remain a relatively defensive growth business. Uber also expanded travel options in India through a partnership with Zoomcar and became the PGA Tour’s official rideshare and food-delivery partner.
• Neutral Sentiment: Mixed valuation and momentum: A bullish investment article cited Uber’s growth prospects, while another argued that growth expectations are already reflected in the valuation. Over six months, the stock has lagged the S&P 500, despite trading well above its one-year low.
• Negative Sentiment: Major regulatory liability: Dutch authorities fined Uber €824.99 million—approximately $966 million—for using automated systems to suspend or deactivate drivers. The penalty could create a substantial financial charge and increase compliance costs or regulatory risk in Europe. Dutch regulator fines Uber €824.99m

Uber Technologies Stock Performance

NYSE UBER opened at $80.33 on Wednesday. The company has a 50 day moving average of $73.33 and a 200-day moving average of $73.36. 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 firm has a market cap of $164.07 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 6.39 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, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBER shares. Wells Fargo & Company lowered their price target on Uber Technologies from $100.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Tigress Financial lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. KeyCorp lowered their price objective on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada began coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Finally, Evercore restated an “outperform” rating and issued a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.25.

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.