iA Global Asset Management Inc. Reduces Stock Position in Uber Technologies, Inc. $UBER

iA Global Asset Management Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,577 shares of the ride-sharing company’s stock after selling 59,403 shares during the period. iA Global Asset Management Inc.’s holdings in Uber Technologies were worth $43,359,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Foster Group Inc. boosted its holdings in shares of Uber Technologies by 3.3% in the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock worth $330,000 after acquiring an additional 107 shares during the period. Quent Capital LLC raised its stake in shares of Uber Technologies by 3.3% during the 3rd quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after purchasing an additional 111 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in Uber Technologies by 1.3% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock worth $879,000 after purchasing an additional 115 shares in the last quarter. Realta Investment Advisors boosted its stake in Uber Technologies by 2.9% in the 3rd quarter. Realta Investment Advisors now owns 4,018 shares of the ride-sharing company’s stock worth $394,000 after purchasing an additional 115 shares during the period. Finally, Abacus Planning Group Inc. boosted its stake in Uber Technologies by 2.8% in the 3rd quarter. Abacus Planning Group Inc. now owns 4,260 shares of the ride-sharing company’s stock worth $417,000 after purchasing an additional 117 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Exane BNP Paribas upgraded shares of Uber Technologies to a “strong-buy” rating in a research note on Wednesday, January 14th. Morgan Stanley reduced their price target on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Cantor Fitzgerald decreased their price target on shares of Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Wedbush dropped their price objective on Uber Technologies from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.97.

More Uber Technologies News

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.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated 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 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 filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,875 shares of company stock worth $1,319,130 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $82.48 on Friday. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The company has a fifty day moving average of $84.84 and a 200-day moving average of $90.85. The company has a market capitalization of $171.38 billion, a P/E ratio of 10.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.