Formula Growth Ltd. Invests $1.91 Million in Uber Technologies, Inc. $UBER

Formula Growth Ltd. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, Holdings Channel.com reports. The firm acquired 26,500 shares of the ride-sharing company’s stock, valued at approximately $1,912,000.

Several other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies in the 3rd quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies in the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new position in shares of Uber Technologies in the fourth quarter worth $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies in the first quarter worth $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $76.81 on Friday. 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 capitalization of $156.90 billion, a P/E ratio of 16.88, a P/E/G ratio of 6.32 and a beta of 1.13. The company has a fifty day moving average of $73.58 and a 200-day moving average of $73.39.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UBER shares. Susquehanna dropped their price objective on Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a research note on Thursday, August 13th. Cantor Fitzgerald lowered their price target on Uber Technologies from $98.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday. Finally, Roth Capital dropped their price target on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. One investment analyst has 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.25.

Key Uber Technologies News

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

• Positive Sentiment: Uber said it has stabilized AI-related spending even as weekly AI-agent usage has surged roughly 9.4 times. Improved infrastructure and model-cost efficiency could allow the company to expand AI features without proportionally increasing expenses. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Uber launched a formal €41.50-per-share cash offer for Delivery Hero after receiving approval from Germany’s BaFin. The transaction could expand Uber’s international delivery footprint and scale its marketplace. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Positive Sentiment: Uber continues to build its autonomous-vehicle ecosystem through partnerships, including Baidu’s fully driverless Apollo Go rides in Dubai through the Uber app and a planned expansion with Pony.ai in Europe. These agreements could help Uber benefit from autonomous transportation without bearing all vehicle-development costs. Baidu Takes Apollo Go Driverless Rides Overseas With Dubai Launch
• Positive Sentiment: Citizens JMP assigned Uber a market-outperform rating, adding supportive analyst sentiment. Uber Earns Market Outperform Rating
• Neutral Sentiment: Delivery Hero reported mixed first-half results: revenue exceeded expectations and 2026 guidance was raised, but the company posted a €392 million net loss. Its competitive challenges could affect the acquisition’s eventual returns. Delivery Hero H1 Earnings Show Mixed Results
• Negative Sentiment: The takeover introduces execution, integration and capital-allocation risks, particularly as Delivery Hero faces “brutal” competition in several markets. Investors may be cautious until the offer’s costs and strategic benefits become clearer. Delivery Hero Relies on Subscriptions as Uber Takeover Approaches
• Negative Sentiment: Recent trading coverage points to lingering technical weakness after Uber’s pullback from its record high. Longer-term concerns that autonomous vehicles could disrupt Uber’s traditional ride-hailing model remain an overhang despite the company’s partnerships. Uber Stock Is Trading Lower Today

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.