Uber Technologies, Inc. $UBER Stock Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 118,839 shares of the ride-sharing company’s stock after selling 21,884 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Uber Technologies were worth $8,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Investment Fund acquired a new stake in shares of Uber Technologies during the second quarter worth approximately $5,256,173,439. Legal & General Group Plc bought a new position in shares of Uber Technologies in the second quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $752,151,000. Baird Financial Group Inc. boosted its holdings in shares of Uber Technologies by 64.4% in the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock worth $656,609,000 after acquiring an additional 3,564,073 shares in the last quarter. Finally, Fundsmith LLP acquired a new position in Uber Technologies in the second quarter worth $645,338,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber secured dismissal of two London lawsuits seeking approximately £340 million in damages from claims brought by black-cab drivers and former private-hire companies. The ruling removes a potentially significant financial liability and could support investor confidence. Uber Secures Dismissal of £340 Million London Taxi Lawsuits
• Positive Sentiment: Uber Advertising launched an off-site audience-targeting product with TripleLift, allowing advertisers to use Uber’s first-party mobility and delivery data across the open web. The initiative could create a higher-margin revenue stream beyond rides and food delivery. Uber Technologies Launches Offsite Advertising
• Positive Sentiment: Analysts and Zacks continue to highlight Uber’s history of earnings surprises and the possibility of another quarterly beat, providing a potential near-term catalyst. Will Uber Beat Estimates Again
• Neutral Sentiment: Uber is offering some drivers bonuses for completing additional rides or referring new drivers ahead of the holiday period. The incentives may help ensure adequate supply, but they could also increase operating expenses. Uber Offers Drivers Bonuses
• Negative Sentiment: A new food-delivery competitor, Olo, is attempting to attract customers by offering in-store menu prices without delivery-service markups, potentially intensifying pressure on Uber Eats’ pricing and margins. New Food Delivery Service Challenges Uber Eats
• Negative Sentiment: Investors remain concerned that Uber’s reported valuation benefits from a one-time tax gain and that future robotaxi investment could require substantial spending. Autonomous vehicles may eventually challenge Uber’s driver-based network, while planned corporate job cuts underscore the scale of the strategic shift. Uber Generating Cash but Facing Robotaxi Spending
• Negative Sentiment: A California union agreement for Uber and Lyft drivers could increase labor-related obligations and reduce the flexibility or cost advantages associated with the independent-contractor model. Uber and Lyft Drivers in California Gain Union Representation

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of Uber Technologies in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research report on Wednesday, September 30th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. DA Davidson decreased their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, TD Cowen restated a “buy” rating and issued a $118.00 price objective on shares of Uber Technologies in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.11.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew Macdonald bought 70,000 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $68.88 on Wednesday. The business’s 50-day simple moving average is $72.75 and its 200 day simple moving average is $72.88. The stock has a market cap of $140.70 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 5.98 and a beta of 1.27. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $100.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.