Uber Technologies, Inc. $UBER Shares Sold by Coastline Trust Co

Coastline Trust Co reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 31.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,724 shares of the ride-sharing company’s stock after selling 9,332 shares during the quarter. Coastline Trust Co’s holdings in Uber Technologies were worth $1,420,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth $25,000. Gould Capital LLC boosted its position in shares of Uber Technologies by 245.0% during the fourth quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock worth $28,000 after buying an additional 245 shares during the period. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at $25,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at $28,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Tuesday, September 8th. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, September 3rd. Tigress Financial boosted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. KeyCorp reduced their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Finally, Bank of America dropped their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.03.

Uber Technologies Stock Down 1.6%

UBER traded down $1.10 on Thursday, hitting $67.41. 7,460,286 shares of the company were exchanged, compared to its average volume of 19,155,756. Uber Technologies, Inc. has a twelve month low of $65.41 and a twelve month high of $101.29. The company has a market cap of $137.68 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 5.65 and a beta of 1.16. 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 firm has a 50-day moving average price of $73.20 and a two-hundred day moving average price of $73.23.

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, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Andrew Macdonald bought 70,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.81% of the company’s stock.

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.