Uber Technologies (NYSE:UBER) Stock Gets Price Target Trim from UBS Group

Uber Technologies (NYSE:UBER) had its target price lowered by UBS Group from $110.00 to $106.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the ride-sharing company’s stock. UBS Group‘s price target would indicate a potential upside of 59.12% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Wedbush reiterated an “outperform” rating and set a $91.00 target price on shares of Uber Technologies in a research report on Tuesday, September 8th. Arete Research cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Thursday, September 10th. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Wednesday, October 7th. BMO Capital Markets set a $119.00 target price on shares of Uber Technologies in a research report on Thursday, September 3rd. Finally, Citizens Jmp reissued a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $102.86.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.37 during mid-day trading on Monday, reaching $66.62. The stock had a trading volume of 17,633,803 shares, compared to its average volume of 18,904,365. Uber Technologies has a 1-year low of $64.04 and a 1-year high of $100.35. The firm has a market cap of $136.07 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 6.24 and a beta of 1.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $71.21 and its 200-day moving average is $73.44.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share 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 company had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts forecast that Uber Technologies will post 3.20 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the sale, the insider owned 149,525 shares of the company’s stock, valued at $10,662,627.75. The trade was a 15.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in UBER. BIP Wealth LLC acquired a new stake in Uber Technologies in the second quarter valued at approximately $1,033,000. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after purchasing an additional 985,989 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Weiss Asset Management LP boosted its stake in shares of Uber Technologies by 465.5% in the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock valued at $4,497,000 after purchasing an additional 51,465 shares during the period. Finally, Evercore Wealth Management LLC boosted its stake in shares of Uber Technologies by 6.3% in the first quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock valued at $83,153,000 after purchasing an additional 68,433 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.