Palacios Wealth Management LLC Sells 8,994 Shares of Uber Technologies, Inc. $UBER

Palacios Wealth Management LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,364 shares of the ride-sharing company’s stock after selling 8,994 shares during the period. Uber Technologies accounts for about 1.5% of Palacios Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Palacios Wealth Management LLC’s holdings in Uber Technologies were worth $1,991,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock valued at $18,695,502,000 after acquiring an additional 1,277,322 shares in the last quarter. Northern Trust Corp lifted its stake in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after acquiring an additional 297,132 shares in the last quarter. Capital World Investors lifted its stake in Uber Technologies by 1.1% during the 3rd 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 3rd 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 purchasing an additional 867,719 shares during the last quarter. Finally, Boston Partners increased its position in shares of Uber Technologies by 2.9% during the 3rd quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company’s stock valued at $923,919,000 after purchasing an additional 263,824 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Summary

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

• Positive Sentiment: Expanded payments & restaurant push with Block — Uber and Block widened their global partnership (Cash App Pay in the U.S., deeper Square–Uber Eats integrations), a revenue/merchant-operations positive that can boost payments and restaurant unit economics. Uber and Block Expand Global Partnership
• Positive Sentiment: Big strategic bet on Lucid / robotaxi scale — Uber disclosed a material stake and an expanded 35,000-vehicle robotaxi commitment with Lucid, signaling acceleration of its autonomous-fleet strategy and potential future unit-cost benefits if execution succeeds. Lucid Sees Uber Raise Stake
• Positive Sentiment: Autonomous delivery rollouts continue — Coco Robotics launched on Uber Eats in San Jose, reflecting continued scaling of low-cost last‑mile AV delivery pilots that could reduce delivery margins over time. Coco Robotics Launches with Uber Eats
• Neutral Sentiment: AV pivot: opportunity vs. margin risk — Coverage highlights Uber’s multi‑billion-dollar investment in autonomy (long‑term growth potential) but flags near‑term capex and margin pressure; investors must judge timing and returns. Uber’s AV pivot: Growth opportunity or margin risk?
• Neutral Sentiment: Local regulation data mixed — A Seattle report found gig‑worker pay rose under a minimum-pay law, which could support policy makers’ positions but also imply higher delivery costs in regulated markets. Seattle report on gig worker pay law
• Negative Sentiment: Jury finds Uber liable in bellwether assault trial — A federal jury awarded damages in a passenger assault case; the company faces thousands of related MDL claims, raising legal and potential settlement exposure. Federal jury finds Uber responsible for driver assault
• Negative Sentiment: Consumer payment complaints surface — Viral reports claim some riders were charged more when using AmEx, creating short‑term PR and regulatory scrutiny risks around pricing transparency and payment flows. Uber riders complain about AmEx surcharge
• Negative Sentiment: Shares slipped amid mixed headlines — Market write‑ups note UBER pulled back on a weak day as investors parsed the legal loss, AV spending plans and recent strategic moves. UBER Stock Drops Despite Market Gains

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Wednesday, March 11th. DA Davidson decreased their target price on Uber Technologies from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Morgan Stanley decreased their target price on Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.14.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction 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 approximately $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the acquisition, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. This represents a 357.02% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by insiders.

Uber Technologies Stock Down 2.1%

UBER stock opened at $75.65 on Thursday. Uber Technologies, Inc. has a twelve month low of $68.46 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 firm has a market capitalization of $154.56 billion, a PE ratio of 16.06, a PEG ratio of 7.07 and a beta of 1.21. The stock has a 50-day simple moving average of $73.47 and a two-hundred day simple moving average of $82.17.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 return on equity of 43.63% and a net margin of 19.33%.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 firm posted $3.21 EPS. The firm’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. On average, equities analysts predict that Uber Technologies, Inc. will post 3.34 EPS for the current fiscal year.

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.