Clearstead Advisors LLC Reduces Holdings in Uber Technologies, Inc. $UBER

Clearstead Advisors LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,458 shares of the ride-sharing company’s stock after selling 12,239 shares during the period. Clearstead Advisors LLC’s holdings in Uber Technologies were worth $23,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kilter Group LLC bought a new position in Uber Technologies in the 2nd quarter worth $26,000. Westend Capital Management LLC bought a new position in shares of Uber Technologies in the third quarter worth about $27,000. Total Investment Management Inc. purchased a new position in shares of Uber Technologies during the 2nd quarter valued at about $32,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $34,000. Finally, Howard Hughes Medical Institute purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UBER. Erste Group Bank downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Stifel Nicolaus dropped their target price on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Wells Fargo & Company cut their price target on Uber Technologies from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Arete Research set a $125.00 price objective on Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley cut their target price on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.61.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 1.1%

Shares of UBER opened at $73.76 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $151.80 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 6.77 and a beta of 1.21. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The business’s 50 day simple moving average is $79.79 and its 200-day simple moving average is $88.50.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The business had revenue of $14.37 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the business posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.