Public Investment Fund Buys New Stake in Uber Technologies, Inc. $UBER

Public Investment Fund bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 72,840,541 shares of the ride-sharing company’s stock, valued at approximately $5,256,173,439. Uber Technologies accounts for approximately 0.0% of Public Investment Fund’s holdings, making the stock its 2nd largest position. Public Investment Fund owned about 3.57% of Uber Technologies at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors grew its holdings in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the period. Geode Capital Management LLC grew its position in Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares in the last quarter. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Northern Trust Corp increased its holdings in Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after acquiring an additional 297,132 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Uber Technologies by 1.5% in the 4th quarter. Capital World Investors now owns 17,278,031 shares of the ride-sharing company’s stock valued at $1,411,793,000 after buying an additional 261,564 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Barclays dropped their target price on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Tigress Financial increased their price target on Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Citigroup reissued a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, August 19th. Wedbush initiated coverage on Uber Technologies in a research report on Thursday, July 16th. They set an “outperform” rating and a $91.00 price objective for the company. Finally, BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Uber Technologies Stock Performance

Uber Technologies stock traded up $2.03 during mid-day trading on Friday, reaching $78.98. The company had a trading volume of 10,700,402 shares, compared to its average volume of 19,317,619. The company has a 50 day moving average of $73.58 and a 200-day moving average of $73.39. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.99. The firm has a market cap of $161.32 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 6.32 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last released 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s 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. On average, sell-side analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Key Uber Technologies News

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

• Positive Sentiment: Uber reported that usage of its AI agents increased 9.4 times while spending stabilized or declined, suggesting the company is improving efficiency and may use AI to reduce support and operating costs. Exclusive: Uber cuts AI costs even as usage jumps
• Positive Sentiment: Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators approved robotaxi permits for Uber subsidiary Avriari Services, Tesla, and Waymo. The permits strengthen Uber’s position in autonomous mobility. Tesla and Uber Won Robotaxi Permits
• Positive Sentiment: Uber is expanding autonomous delivery and mobility options, including potential Uber Eats drone deliveries and a Dubai partnership that will place Baidu’s driverless Apollo Go rides on Uber’s platform. These initiatives could broaden Uber’s network and create longer-term growth opportunities. Baidu Takes Apollo Go Driverless Rides Overseas
• Positive Sentiment: Uber’s food-delivery scale is generating demand for delivery-robot services, highlighting the value of its marketplace and network effects. Why Is Serve Robotics Stock Falling?
• Neutral Sentiment: Uber formally launched its €41.50-per-share cash offer for Delivery Hero, with acceptance running through November 5 after BaFin approval. The deal could expand Uber Eats internationally, but investors will assess its price, integration demands, and Delivery Hero’s competitive challenges. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero
• Negative Sentiment: The Dutch Data Protection Authority fined Uber €825 million, or approximately $966 million, over automated driver suspensions and inadequate human oversight. The penalty creates a potential financial cost and raises broader regulatory and compliance concerns. Uber’s $966 Million Fine

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.