NEOS Investment Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 12.5% during the second quarter, Holdings Channel.com reports. The fund owned 336,649 shares of the ride-sharing company’s stock after purchasing an additional 37,455 shares during the period. NEOS Investment Management LLC’s holdings in Uber Technologies were worth $24,293,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP acquired a new stake in Uber Technologies during the 1st quarter worth about $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of Uber Technologies during the second quarter valued at approximately $842,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Stock Down 0.3%
Shares of NYSE:UBER opened at $75.75 on Friday. 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 $154.72 billion, a PE ratio of 16.65, a P/E/G ratio of 6.12 and a beta of 1.16. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The company’s fifty day moving average is $74.04 and its 200-day moving average is $73.57.
Analysts Set New Price Targets
Several brokerages recently issued reports on UBER. Sanford C. Bernstein reduced their price objective on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. BMO Capital Markets set a $119.00 price objective on shares of Uber Technologies in a report on Thursday. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada began coverage on Uber Technologies in a research report on Monday, May 11th. They set an “outperform” rating for the company. Finally, Wedbush initiated coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.49.
View Our Latest Report on UBER
Uber Technologies News Roundup
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 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.
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