Cidel Asset Management Inc. Sells 18,801 Shares of Uber Technologies, Inc. $UBER

Cidel Asset Management Inc. trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 163,206 shares of the ride-sharing company’s stock after selling 18,801 shares during the quarter. Cidel Asset Management Inc.’s holdings in Uber Technologies were worth $13,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after buying an additional 1,277,322 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Uber Technologies by 1.5% during the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after buying an additional 297,132 shares during the last quarter. Capital World Investors increased its position in shares of Uber Technologies by 1.1% during the third quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock valued at $1,667,121,000 after acquiring an additional 182,976 shares in the last quarter. Legal & General Group Plc increased its position in shares of Uber Technologies by 6.9% during the third quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company’s stock valued at $1,311,457,000 after acquiring an additional 867,719 shares in the last quarter. Finally, Boston Partners raised its holdings in Uber Technologies by 2.9% in the 3rd quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company’s stock worth $923,919,000 after acquiring an additional 263,824 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber agreed to acquire Blacklane, adding a global premium chauffeur/pre‑booked executive travel business to diversify beyond core ride‑hail and deepen corporate/luxury reach — a move analysts say supports higher-margin revenue and narrows valuation concerns. Uber’s Blacklane Deal Puts Focus On Premium Growth And Valuation Gap
• Positive Sentiment: Bank of America Securities reiterated a Buy on UBER with a $103 price target, explicitly citing the Blacklane deal — institutional support that could underpin the stock ifexecution and premium expansion play out. Bank of America Securities Maintains a Buy Rating on Uber (UBER) Following Blacklane Acquisition
• Positive Sentiment: Uber and WeRide launched Level‑4, fare‑charging robotaxis in Dubai (Uber holds a ~5.82% stake in WeRide). Real‑world AV deployments can reduce long‑term driver costs and open new mobility revenue streams if scalable. Uber Holds a 5.82% Stake in WeRide. Should You Buy WRD Stock Too?
• Positive Sentiment: Uber expanded EV incentives for drivers (national program offering up to $6,500; other reports cite $4,000 offers) to accelerate electrification, reduce driver fuel exposure, and support regulatory/ESG positioning — a potential long‑term cost saving and PR positive. Uber expands EV grant nationwide, offering drivers up to $6,500 in incentives
• Neutral Sentiment: CEO Dara Khosrowshahi signaled openness to integrating Tesla robotaxis on Uber’s platform — a potential revenue upside but dependent on third‑party AV readiness and regulatory approvals. Uber CEO Dara Khosrowshahi hopes to incorporate Tesla robotaxis on its platform: ‘It’s a great car’
• Neutral Sentiment: Commentary pieces on AI/agent infrastructure and autonomy debate (Fortune, Motley Fool, Zacks) frame longer‑term strategic context but are unlikely to move the stock near term. I helped build Uber and Discord and now my tools help fuel billion-dollar unicorns. But Silicon Valley is losing the AI race to itself
• Negative Sentiment: Restaurant partners pushed back after Eats fee increases — a notable chain cut ties, highlighting merchant resistance that could pressure Eats GMV or force promotions/fee rollbacks. Popular pizza chain cuts ties with Uber Eats
• Negative Sentiment: Outlets urging caution note autonomous vehicles could both help and threaten Uber’s core ride business — if OEMs monetize robotaxis directly, Uber’s take-rate and marketplace edge could be pressured. Should You Buy Uber Stock on the Dip?

Uber Technologies Trading Down 0.1%

Shares of NYSE:UBER opened at $71.75 on Monday. The stock’s 50-day simple moving average is $74.28 and its two-hundred day simple moving average is $84.21. The stock has a market capitalization of $146.59 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 6.57 and a beta of 1.21. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBER) last released its quarterly 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). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business had revenue of $14.37 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same period in the previous year, the company earned $3.21 EPS. Uber Technologies’s revenue for the quarter was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president directly owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their position. The SEC filing for this purchase provides additional information. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on UBER. BNP Paribas Exane started coverage on Uber Technologies in a research note on Wednesday, January 14th. They set an “outperform” rating and a $108.00 target price on the stock. Mizuho decreased their price target on Uber Technologies from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings cut Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, TD Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $105.14.

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.