Institutional investors increased Uber shares amid strong earnings and a "Moderate Buy" consensus.

Institutional investors increased their stakes in Uber Technologies, with Pure Financial Advisors, HighMark Wealth Management, and Sullivan Wood Capital Management boosting holdings in the second quarter. The company reported strong second-quarter results on August 6, posting $0.63 EPS—exceeding the $0.61 estimate—and $12.65 billion in revenue, up 18.2% year-over-year. Uber’s net margin reached 26.68%, and return on equity was 59.96%. Despite insider sales totaling 604,571 shares valued at $58.9 million over the past three months, analysts maintain a consensus “Moderate Buy” rating with a $104.09 target price. The stock closed at $96.51, with a market cap of $201.27 billion and a P/E ratio of 16.44.