Uber Technologies, Inc. $UBER Shares Acquired by Elk River Wealth Management LLC

Elk River Wealth Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 113.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 73,733 shares of the ride-sharing company’s stock after purchasing an additional 39,169 shares during the period. Uber Technologies accounts for about 1.2% of Elk River Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Elk River Wealth Management LLC’s holdings in Uber Technologies were worth $7,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $27,000. Kilter Group LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $26,000. West Oak Capital LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies in the 2nd quarter valued at $30,000. Finally, Total Investment Management Inc. acquired a new stake in Uber Technologies during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies News Roundup

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

• Positive Sentiment: Robotaxi momentum — Uber, Lucid and Nuro revealed a robotaxi design at CES and Uber has anchored a robotaxi strategy that could use partner fleets rather than owning vehicles, a narrative investors view as margin-friendly and distribution-focused. Read More.
• Positive Sentiment: Near-term market reaction to robo-taxi news — multiple outlets note a surge in shares on robo-taxi optimism (with Tesla weakness as a comparative). That sentiment has driven fresh buying interest tied to the AV narrative. Read More.
• Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $122 (overweight), implying substantial upside from current levels; other firms (Bank of America, Jefferies) have reiterated or maintained buy views citing AV partnerships and free cash‑flow potential. Read More.
• Positive Sentiment: Operational boost — Uber renewed its global maps deal with TomTom, which should improve routing precision and efficiency across the platform and supports margin/operating-leverage thesis. Read More.
• Neutral Sentiment: Margin-inflection thesis highlighted — market commentary frames Uber’s next leg as an operating‑leverage and margin story (distribution of AV fleets could help margins even if Uber doesn’t own vehicles). This is thematic and supportive longer-term, but not an immediate earnings event. Read More.
• Neutral Sentiment: Mixed media takes — outlets like Barron’s warn of headwinds and valuation questions, underscoring that enthusiasm for AVs is already priced into parts of the stock. Read as cautionary context rather than a direct catalyst. Read More.
• Negative Sentiment: Shareholder investigation — Berger Montague PC is investigating Uber’s board for potential breaches of fiduciary duty related to rider safety and driver background checks; litigation or governance concerns could pressure sentiment and add legal/PR risk. Read More.
• Negative Sentiment: Sell-side pushback — Melius Research cut its rating (reported as a “strong sell”), and that downgrade pressure has translated into short-term share weakness in some sessions. Keep an eye on whether other shops follow or defend their views. Read More.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $87.61 on Friday. The stock has a market capitalization of $182.04 billion, a price-to-earnings ratio of 11.26 and a beta of 1.20. The business’s 50 day moving average is $86.78 and its two-hundred day moving average is $91.35. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results 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. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on UBER. DA Davidson lifted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Melius downgraded Uber Technologies from a “hold” rating to a “sell” rating and set a $73.00 price objective for the company. in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.14.

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.