CIBC Bancorp USA Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 284,172 shares of the ride-sharing company’s stock, valued at approximately $27,840,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tcfg Wealth Management LLC grew its position in Uber Technologies by 7.8% during the third quarter. Tcfg Wealth Management LLC now owns 6,826 shares of the ride-sharing company’s stock worth $669,000 after buying an additional 496 shares in the last quarter. Maple Capital Management Inc. increased its stake in Uber Technologies by 14.1% during the 3rd quarter. Maple Capital Management Inc. now owns 113,262 shares of the ride-sharing company’s stock worth $11,096,000 after acquiring an additional 13,999 shares during the period. Oarsman Capital Inc. raised its holdings in Uber Technologies by 1.3% in the 3rd quarter. Oarsman Capital Inc. now owns 18,630 shares of the ride-sharing company’s stock valued at $1,825,000 after acquiring an additional 248 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Uber Technologies by 6.3% during the 3rd quarter. Centaurus Financial Inc. now owns 96,341 shares of the ride-sharing company’s stock valued at $9,439,000 after acquiring an additional 5,691 shares during the period. Finally, Campbell Capital Management Inc. lifted its position in shares of Uber Technologies by 82.5% during the 3rd quarter. Campbell Capital Management Inc. now owns 54,849 shares of the ride-sharing company’s stock valued at $5,374,000 after acquiring an additional 24,802 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Performance
NYSE:UBER opened at $76.67 on Thursday. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $77.23 and its 200 day simple moving average is $86.14. The firm has a market capitalization of $157.80 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 7.13 and a beta of 1.22.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on UBER shares. DA Davidson decreased their price target on Uber Technologies from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley decreased their target price on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Stifel Nicolaus cut their price target 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. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $105.29.
Read Our Latest Analysis on Uber Technologies
Insider Buying and Selling at Uber Technologies
In related news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the acquisition, the chief financial officer owned 28,742 shares of the company’s stock, valued at approximately $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares of the company’s stock, valued at $34,303,284.20. The trade was a 6.11% 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 News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Expanded Nvidia robotaxi deal accelerates Uber’s AV timeline (plans for Level 4 robotaxis in ~28 cities, LA/SF as early as H1 2027), boosting investor confidence in a long‑term new revenue stream and de‑risking tech execution. Uber’s stock powers higher as Nvidia robotaxi deal helps avert ‘doomsday’ scenario
- Positive Sentiment: Launches with Motional in Las Vegas and other AV collaborations validate execution and help convert pilot programs into commercial ride volumes and data advantages. Uber, Motional Launch Las Vegas Service: Robotaxi Space Heating Up?
- Positive Sentiment: Analyst support remains: BTIG reaffirmed a Buy with a $100 price target, signaling that some firms still see meaningful upside tied to AV and U.S. rideshare earnings power. Uber: Benefiting From a Diversified Robotaxi Ecosystem With Undervalued U.S. Rideshare Earnings Power
- Positive Sentiment: Bank of America and other brokers view the Nvidia tie‑up as improving Uber’s medium‑term AV supply outlook, reducing the risk that AV costs derail the rideshare thesis. Uber-Nvidia deal boosts Bank of America’s confidence in rideshare app’s AV future
- Neutral Sentiment: Short‑term valuation and momentum are under review after a one‑month rebound; some investors see the stock as recovering but still trading at premium forward multiples. A Look At Uber Technologies (UBER) Valuation As Shares Rebound Over The Past Month
- Neutral Sentiment: AI/robotics ecosystem activity continues (startup funding and talent moves, including people formerly at Uber) but is peripheral to near‑term revenue. Manifold Announces $8 Million Seed Funding Round to Secure Autonomous Endpoint AI Agents at Runtime
- Negative Sentiment: Operational disruption: driver strikes in Lagos have interrupted services locally and highlight regulatory / labor risks that could pressure regional volumes and PR. Uber seeks dialogue as Lagos drivers continue strike
- Negative Sentiment: After the AV‑driven rally some traders took profits, producing steeper intraday declines than the broader market; short‑term volatility is likely while investors digest execution timelines. Uber Technologies (UBER) Falls More Steeply Than Broader Market: What Investors Need to Know
Uber Technologies 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.
See Also
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