CIBC Asset Management Inc Increases Position in Uber Technologies, Inc. $UBER

CIBC Asset Management Inc increased its position in Uber Technologies, Inc. (NYSE:UBER) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,075 shares of the ride-sharing company’s stock after acquiring an additional 10,145 shares during the period. CIBC Asset Management Inc’s holdings in Uber Technologies were worth $34,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new position in shares of Uber Technologies in the second quarter worth about $26,000. Westend Capital Management LLC purchased a new position in Uber Technologies during the 3rd quarter worth approximately $27,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter valued at approximately $30,000. Total Investment Management Inc. purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at $32,000. Finally, REAP Financial Group LLC boosted its holdings in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Truist Financial raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. DA Davidson increased their price target on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Mizuho assumed coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Barclays lowered their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $135.00 target price on shares of Uber Technologies in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $107.97.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Wall Street support: several firms reiterate/raise buy ratings and high price targets (Guggenheim, Truist, TD Cowen), which underpins upside expectations for UBER. Guggenheim buy rating
• Positive Sentiment: Institutional conviction: Pershing Square and other large holders keep sizable positions in Uber, signaling continued institutional confidence and potential support for the shares. Ackman holds Uber
• Positive Sentiment: Commercial wins: Guzman y Gomez signed an exclusive Uber Eats delivery deal in Australia and Kroger’s nationwide rollout onto Uber apps highlights continued demand for Uber’s delivery platform. Guzman y Gomez Uber Eats deal
• Positive Sentiment: Robotaxi narrative support: bullish investors/strategists (e.g., ARK; Ross Gerber comments) continue to include Uber in the long-term autonomous-vehicle opportunity, supporting the growth story for patient investors. Ross Gerber on robotaxis
• Neutral Sentiment: Analyst/strategy pieces from Zacks and Seeking Alpha argue for long-term upside and momentum, providing frameworks for buy‑the‑dip cases but noting valuation tradeoffs. Seeking Alpha long-term upside
• Neutral Sentiment: Company messaging: CEO commentary urging investors to separate substantive AI winners from hype may help set investor expectations around which AI initiatives will move the needle. CEO on AI focus
• Negative Sentiment: Autonomy competition risk: Wedbush and other commentators flag accelerating rollouts by Waymo and Tesla as long‑term threats to traditional ride‑hailing economics; this is pressuring multiples as investors model AV outcomes. Wedbush on AV risk
• Negative Sentiment: New low-cost rivals/tele‑operated models: startups claiming much lower per‑ride costs could compress margins if they scale in key markets. Rental startup threat
• Negative Sentiment: Legal and governance headlines: a novel lawsuit over a women’s safety feature and recent insider selling (Tony West) add headline risk and may sap short‑term sentiment. Lawsuit over safety feature Insider sale SEC filing

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,875 shares of company stock valued at $1,319,130 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 0.4%

Shares of UBER opened at $82.26 on Monday. The firm has a market cap of $170.93 billion, a P/E ratio of 10.57 and a beta of 1.20. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The stock’s 50 day moving average is $84.65 and its two-hundred day moving average is $90.66. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.