Axxcess Wealth Management LLC Invests $3.48 Million in Uber Technologies, Inc. $UBER

Axxcess Wealth Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,242 shares of the ride-sharing company's stock, valued at approximately $3,481,000.

Several other hedge funds have also bought and sold shares of UBER. Pacer Advisors Inc. boosted its stake in Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after acquiring an additional 985,989 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock valued at $37,025,000 after purchasing an additional 29,587 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,220,000. Finally, Weiss Asset Management LP boosted its position in shares of Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber and Chinese autonomous-driving company Pony.ai expanded their partnership, targeting the deployment of more than 2,000 robotaxis across Europe. The plan builds on the existing Zagreb service and adds four additional European cities, with potential expansion into the Middle East. The initiative could give Uber a scalable path into autonomous mobility without owning the entire vehicle fleet.

Uber is also preparing a Tokyo robotaxi pilot for late 2026 with Japanese taxi operator Hinomaru Kotsu. The local partner will handle fleet operations, maintenance, charging and vehicle uptime, potentially helping Uber navigate Japan’s regulatory and operational requirements.

Several investment analyses argue that Uber’s valuation looks attractive after the stock’s recent weakness. Supporters point to continued market-share gains, improving margins and more than $58 billion in second-quarter gross bookings, with Mobility, Delivery and Freight all contributing to growth.

Uber CEO Dara Khosrowshahi highlighted Japan as an important market for both Delivery and Mobility, reinforcing management’s broader strategy of using regional partners to expand robotaxi services. However, the European rollout and Tokyo pilot remain future deployments rather than near-term revenue catalysts.

Uber Freight is investigating a cybersecurity incident involving unauthorized access to certain internal systems and code repositories. The company said Freight operations were not disrupted and that the incident was contained, but the potential scope of compromised data rema...