Florida Trust Wealth Management Co Sells 17,370 Shares of Uber Technologies, Inc. $UBER

Florida Trust Wealth Management Co decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,089 shares of the ride-sharing company’s stock after selling 17,370 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Uber Technologies were worth $9,892,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $2,515,094,000. Marshall Wace LLP raised its stake in Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after acquiring an additional 6,264,946 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after acquiring an additional 5,293,822 shares during the period. Employees Provident Fund Board purchased a new position in Uber Technologies during the fourth quarter valued at approximately $265,205,000. Finally, Southpoint Capital Advisors LP purchased a new position in Uber Technologies during the first quarter valued at approximately $222,983,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UBER shares. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Mizuho set a $112.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. 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 stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Tokyo robotaxi partnership adds a potential growth catalyst. Uber Japan will work with Hinomaru Kotsu on a late-2026 autonomous-vehicle pilot in Tokyo. The local taxi operator will manage fleet operations, maintenance, charging and vehicle uptime, giving Uber local infrastructure and regulatory expertise. Uber Partners with Hinomaru Kotsu for Robotaxi Pilot Deployment in Tokyo
• Positive Sentiment: Autonomous-vehicle prospects are improving in London. Transport for London’s licensing of Wayve vehicles moves Uber closer to an autonomous-ride rollout, while reported rider interest could support adoption. Uber’s broader partnerships and platform reach may allow it to benefit from robotaxi growth without owning all of the vehicle technology. Uber’s AV Ambitions in London Receive a Boost
• Positive Sentiment: Core business momentum remains strong. Second-quarter gross bookings exceeded $58 billion, representing more than 20% growth for a fourth consecutive quarter as Mobility, Delivery and Freight all advanced. Analysts and financial commentators also point to improving margins, market-share gains and record free cash flow as evidence that Uber’s valuation may not reflect its fundamentals. UBER Rides on Gross Bookings Strength
• Neutral Sentiment: Uber is exploring rides for children ages 10 to 12. The feature could increase family trip frequency and expand Uber’s addressable market, but safety, supervision and regulatory requirements could affect its rollout and profitability. UBER Explores Expanding Ride Service for Kids
• Negative Sentiment: Uber Freight is investigating a reported cyber incident. A hacking group claims it accessed internal systems and repositories. Uber says Freight operations continue normally and the incident is contained, but potential data exposure, remediation costs and reputational damage remain risks. Uber Freight Reportedly Investigating After Hacking Group Claims Data Breach
• Negative Sentiment: Uber exited its entire Serve Robotics position. The sale ends a notable delivery-robotics relationship and may signal strategic disagreements, reducing Uber’s direct exposure to autonomous delivery. Separately, a potential California driver-unionization effort could raise labor costs and challenge Uber’s contractor-based model.

Uber Technologies Stock Performance

UBER opened at $75.67 on Friday. The stock has a market capitalization of $154.55 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 6.19 and a beta of 1.13. The company has a fifty day moving average of $72.21 and a 200 day moving average of $73.47. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two 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.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 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 quarter in the previous year, the company earned $0.60 EPS. The business’s quarterly revenue 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 3.33 earnings per share 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.