Sapient Capital LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 63.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,885 shares of the ride-sharing company’s stock after selling 59,777 shares during the period. Sapient Capital LLC’s holdings in Uber Technologies were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in UBER. CoreCap Advisors LLC grew its holdings in Uber Technologies by 16.6% during the third quarter. CoreCap Advisors LLC now owns 99,977 shares of the ride-sharing company’s stock worth $6,849,000 after acquiring an additional 14,239 shares during the period. Atwood & Palmer Inc. grew its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Atwood & Palmer Inc. now owns 194,658 shares of the ride-sharing company’s stock worth $13,336,000 after purchasing an additional 8,256 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Uber Technologies by 9.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 14,367 shares of the ride-sharing company’s stock worth $984,000 after purchasing an additional 1,250 shares during the last quarter. Tactive Advisors LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $245,000. Finally, New Covenant Trust Company N.A. boosted its holdings in Uber Technologies by 18.3% during the third quarter. New Covenant Trust Company N.A. now owns 6,028 shares of the ride-sharing company’s stock worth $413,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Up 2.6%
Shares of UBER traded up $1.80 during trading hours on Thursday, reaching $70.25. The company’s stock had a trading volume of 14,495,027 shares, compared to its average volume of 19,099,824. The firm has a market cap of $143.48 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 5.63 and a beta of 1.27. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year 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. The company has a 50 day moving average of $73.15 and a two-hundred day moving average of $72.98.
Insider Buying and Selling
In related news, insider Jill Hazelbaker sold 28,170 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. The trade was 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 corporate insiders.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion: Uber and Pony.ai plan to begin testing Pony.ai’s Gen-7 autonomous vehicles in London within weeks. The partnership is part of Uber’s broader goal of offering autonomous ride-hailing in 15 cities by the end of 2026, potentially strengthening its long-term growth profile. Uber and China’s Pony.ai plan to launch robotaxis in London
- Positive Sentiment: Food-delivery growth: Uber’s planned $2.3 billion acquisition of ezCater would expand Uber Eats into workplace catering, add access to more than 140,000 restaurants and increase exposure to higher-value business orders. Analysts estimate the deal could contribute to bookings and EBITDA growth in 2027. Uber to Expand Food Delivery Reach Via ezCater Buy
- Positive Sentiment: Analyst support and bookings momentum: Citizens JMP reaffirmed a “market outperform” rating and a $100 price target. Separate commentary highlighted strong bookings momentum and Uber’s cash-generation potential, offering a bullish counterpoint to recent investor caution. Uber Technologies acquisitions and 2027 bookings
- Neutral Sentiment: Operational performance remains mixed: A Q3 investor letter cited strong operational growth, but said softer guidance limited the benefit. Uber previously reported quarterly earnings slightly above expectations, while revenue came in just below consensus.
- Negative Sentiment: Acquisition concerns: The ezCater purchase has drawn criticism from retail investors concerned about valuation, integration risk and whether Uber should buy businesses rather than build internally. The transaction also adds to Uber’s capital commitments alongside its planned Delivery Hero investment. Uber’s M&A Playbook Faces Scrutiny
- Negative Sentiment: Service and legal risks: A study said Uber riders are paying substantially more while waiting longer, which could pressure demand and customer satisfaction. Uber also settled another bellwether sexual-assault lawsuit, underscoring continuing litigation and reputational risks.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on UBER. Tigress Financial increased their price objective on Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, June 12th. KeyCorp cut their target price on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Wedbush reissued an “outperform” rating and issued a $91.00 price target on shares of Uber Technologies in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company upped their price objective on shares of Uber Technologies from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $103.11.
Check Out Our Latest Analysis on UBER
Uber Technologies Profile
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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