Ascent Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 46.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,098 shares of the ride-sharing company’s stock after acquiring an additional 13,721 shares during the quarter. Ascent Group LLC’s holdings in Uber Technologies were worth $4,222,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Sivia Capital Partners LLC lifted its holdings in shares of Uber Technologies by 10.1% during the 3rd quarter. Sivia Capital Partners LLC now owns 5,612 shares of the ride-sharing company’s stock valued at $550,000 after buying an additional 514 shares during the last quarter. Joseph P. Lucia & Associates LLC lifted its stake in shares of Uber Technologies by 1.2% in the third quarter. Joseph P. Lucia & Associates LLC now owns 17,885 shares of the ride-sharing company’s stock valued at $1,752,000 after buying an additional 207 shares during the period. Diversified Trust Co grew its position in Uber Technologies by 38.9% during the third quarter. Diversified Trust Co now owns 23,507 shares of the ride-sharing company’s stock worth $2,303,000 after buying an additional 6,581 shares in the last quarter. Simplify Asset Management Inc. bought a new position in Uber Technologies in the third quarter worth $263,000. Finally, LVW Advisors LLC raised its position in Uber Technologies by 3.7% in the third quarter. LVW Advisors LLC now owns 11,624 shares of the ride-sharing company’s stock worth $1,139,000 after purchasing an additional 418 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on UBER shares. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Piper Sandler set a $107.00 price target on Uber Technologies in a research report on Wednesday, November 5th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Guggenheim dropped their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $108.43.
Insider Activity at Uber Technologies
In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,875 shares of company stock worth $1,348,818. 3.70% of the stock is owned by corporate insiders.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Wall Street commentary and bullish takes highlight upside from Uber’s growing AV footprint and unit economics — several analysts point to 12‑month price targets implying meaningful upside after the company announced AV expansion in the UAE. Here’s What Wall Street Thinks about Uber Technologies’ AV Expansion in UAE
- Positive Sentiment: Operational partnership momentum: Uber’s teaming with Lyft and Baidu on driverless taxi trials in the U.K. (and related robotaxi collaborations) enhances long‑term growth optionality and potential margin lift if AV commercialization scales. Tesla’s Underpriced Chinese Rival Baidu In Focus As Uber, Lyft Team Up With Its Robotaxi Firm In UK
- Positive Sentiment: Investor writeups (Seeking Alpha, The Motley Fool) emphasize that Uber’s transformation, improving free cash flow and record trip volumes support a bullish thesis—these narratives help sustain buying interest after recent earnings beats. Uber: The Transformation Is Far From Over
- Neutral Sentiment: UBER is a trending stock across platforms (Zacks/Benzinga coverage); heightened retail and analyst attention can amplify moves in either direction but does not by itself change fundamentals. UBER Is a Trending Stock
- Negative Sentiment: Berger Montague PC has opened an investigation into Uber’s board for possible fiduciary breaches tied to rider safety and background‑check oversight — a shareholder probe can lead to reputational damage, litigation costs, and governance scrutiny that pressure the stock. Berger Montague PC Investigates Uber Technologies, Inc.’s Board
- Negative Sentiment: Separately, attorneys have objected to Uber’s request to postpone a California bellwether trial — contested timing and public litigation disputes increase near‑term legal uncertainty and could affect liability exposure or settlement dynamics. Attorneys Object to Uber’s Request to Postpone California Bellwether Trial
Uber Technologies Price Performance
UBER opened at $82.11 on Wednesday. Uber Technologies, Inc. has a twelve month low of $60.17 and a twelve month high of $101.99. The company has a market capitalization of $170.61 billion, a price-to-earnings ratio of 10.55 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $88.36 and a 200-day moving average price of $91.47.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current 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.
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