DNB Asset Management AS Buys 156,487 Shares of Uber Technologies, Inc. $UBER

DNB Asset Management AS increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,016 shares of the ride-sharing company’s stock after purchasing an additional 156,487 shares during the quarter. DNB Asset Management AS’s holdings in Uber Technologies were worth $62,017,000 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 stock. Westend Capital Management LLC bought a new position in shares of Uber Technologies in the 3rd quarter valued at $27,000. Kilter Group LLC acquired a new position in Uber Technologies in the 2nd quarter worth about $26,000. Total Investment Management Inc. bought a new position in Uber Technologies in the second quarter valued at about $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Uber Technologies during the third quarter valued at about $34,000. Finally, True Wealth Design LLC grew its holdings in shares of Uber Technologies by 38.6% during the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber and Joby Aviation confirmed in‑app booking and a planned commercial launch of electric air taxis in Dubai in 2026 — this is a visible step toward monetizing premium urban air mobility and differentiating Uber’s mobility network. Joby And Uber Link Air Taxi Bookings
• Positive Sentiment: The Trump administration moved to roll back a Biden‑era independent‑contractor rule, a change investors view as reducing driver‑classification risk and potential labor costs for gig platforms. Markets reacted positively to the policy shift. Uber, Lyft stocks surge as Trump scraps Biden-era contractor rule
• Positive Sentiment: Uber agreed to acquire SpotHero (parking reservations covering ~13,000 locations), expanding the app into parking and commuter/event use cases — a logical step toward a “super‑app” and new monetization. Uber Moves Into Parking in Deal to Acquire SpotHero
• Positive Sentiment: Insider signal: CFO Balaji Krishnamurthy purchased ~22,453 shares (~$1.6M), which investors often read as management confidence in the stock and outlook. SEC filing: Insider purchase
• Positive Sentiment: Uber signed a partnership with drone‑delivery startup Manna, expanding autonomous last‑mile delivery options that could lower costs and improve Eats/freight unit economics over time. Manna signs partnership with Uber
• Neutral Sentiment: Wayve raised $1.2B (with milestone capital from Uber reported), accelerating autonomous driving tech deployment — positive for long‑term AV exposure but distant from near‑term revenue. Wayve raises $1.2bn
• Neutral Sentiment: Baidu and Uber are testing Apollo Go robotaxis in Dubai — a strategic expansion of autonomous partnerships that supports Uber’s platform play but depends on regulatory approvals and scale economics. Baidu And Uber Test Apollo Go Robotaxis In Dubai
• Negative Sentiment: Driver pushback: Seattle protesters urged Uber and Lyft to stop adding drivers to an already “flooded” market; combined with reports of high empty miles, this highlights supply/demand inefficiencies that can pressure driver economics and unit margins. In Seattle protest, workers call on Uber and Lyft to stop adding new drivers
• Negative Sentiment: Competitive/operational risk: Waymo’s accelerated U.S. rollout and new DMV data showing limitations for some AV partners (e.g., Nuro) underline that autonomous mobility is a contested field — faster rival deployments or underperforming partners could dent Uber’s long‑term autonomy lead. Waymo’s Robotaxis Now Being Dispatched in 10 Major U.S. Markets

Insider Activity at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. The trade was a 357.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the transaction, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $74.76 on Friday. The firm has a market cap of $153.87 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 6.67 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $79.15 and a 200-day moving average price of $88.02. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99.

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

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Wedbush cut their target price on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. DA Davidson cut their price target on shares of Uber Technologies from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company decreased their price objective on Uber Technologies from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Wednesday, January 7th. Finally, KeyCorp decreased their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.53.

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.