Uber Technologies, Inc. (NYSE:UBER – Get Free Report) fell 2.1% on Thursday following insider selling activity. The company traded as low as $81.51 and last traded at $82.48. 19,424,566 shares changed hands during trading, an increase of 3% from the average session volume of 18,846,588 shares. The stock had previously closed at $84.26.
Specifically, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares in the company, valued at $14,744,764. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Analyst Ratings Changes
Several brokerages have weighed in on UBER. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research note on Wednesday, November 5th. KeyCorp decreased their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Arete Research set a $125.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Wolfe Research lowered their target price on shares of Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.97.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Guzman y Gomez signed a multi-year deal making Uber Eats the exclusive delivery partner in Australia — a concrete revenue/market-share win for Eats in a large market that supports near-term delivery growth. Read More.
- Positive Sentiment: Guggenheim reiterated a Buy and set a $135 price target — the upbeat analyst note (large upside vs. current levels) can attract buyers and underpin sentiment. Read More.
- Positive Sentiment: TD Cowen maintained its Buy rating, citing sustained core strength and emerging growth drivers — another vote of confidence from the sell side that supports a buy‑the‑dip case. Read More.
- Positive Sentiment: Analysis suggesting a nationwide Kroger grocery rollout onto Uber apps boosts the bull case for incremental Eats/Delivery GMV and cross‑sell opportunities. Read More.
- Neutral Sentiment: Bloomberg Law reports the plaintiffs’ lawyer in a high‑profile sexual‑assault case is under scrutiny — this could reduce the odds or severity of an adverse outcome but remains uncertain. Read More.
- Neutral Sentiment: Uber CEO commentary urging investors to focus on substantive AI winners is guidance for sorting durable investments vs. hype — helpful but not an immediate catalyst. Read More.
- Negative Sentiment: Wedbush warns that advances from Waymo and Tesla increase long‑term autonomous vehicle risks to Uber’s ride‑hailing economics — heightens investor concern about technology disruption and multiple compression. Read More.
- Negative Sentiment: Men have filed suit over a women’s safety feature (Uber & Lyft) — new litigation adds legal/PR risk and potential costs or feature changes. Read More.
- Negative Sentiment: Insider selling: General Counsel Tony West sold 3,125 shares recently — a modest but visible insider sale that can be read negatively by short‑term traders. Read More.
- Negative Sentiment: Peer weakness (Grab) and coverage highlighting new low‑cost tele‑operated/rental rivals amplify sector‑wide valuation caution — adds to downward pressure on multiples. Read More.
Uber Technologies Stock Down 2.1%
The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $171.38 billion, a price-to-earnings ratio of 10.60 and a beta of 1.20. The firm’s 50-day simple moving average is $84.84 and its two-hundred day simple moving average is $90.85.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Hedge Funds Weigh In On Uber Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the period. Bison Wealth LLC increased its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Uber Technologies during the 1st quarter worth about $304,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Uber Technologies by 19.7% during the 2nd quarter. Fifth Third Bancorp now owns 275,264 shares of the ride-sharing company’s stock worth $25,682,000 after acquiring an additional 45,364 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.
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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