Uber Technologies (NYSE:UBER) Shares Down 1.6% on Insider Selling

Uber Technologies, Inc. (NYSE:UBER) traded down 1.6% on Tuesday following insider selling activity. The stock traded as low as $71.31 and last traded at $71.4430. 13,823,871 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 19,320,107 shares. The stock had previously closed at $72.63.

Specifically, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 5th. Mizuho set a $112.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. Scotiabank initiated coverage on shares of Uber Technologies in a research note on Wednesday, September 9th. They issued a “sector outperform” rating and a $100.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. Finally, Guggenheim reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.03.

Key Uber Technologies News

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

• Positive Sentiment: Uber Eats expanded its Costco partnership from 17 states to 47 states, covering nearly 600 locations. The agreement broadens Uber’s grocery and retail delivery reach, could increase order volume and provide additional opportunities for advertising and membership-related revenue. Costco expands Uber Eats delivery partnership to 47 states
• Positive Sentiment: Analysts and commentary described the Costco expansion as potentially significant for Uber Eats because it strengthens Uber’s position in grocery delivery and diversifies the company beyond restaurant delivery. An investor article also argued that Uber’s shares appear undervalued relative to its growth prospects. Is Uber’s Deal With Costco on Nationwide Delivery a Game Changer?
• Neutral Sentiment: DoorDash also expanded its Costco relationship, intensifying competition with both Uber Eats and Instacart. The broader Costco delivery opportunity is positive for demand, but competitive pressure could limit pricing power and margins. Instacart should be worried about DoorDash and Uber’s new deal
• Neutral Sentiment: Uber completed a €4.5 billion multitr tranche euro debt offering, improving funding flexibility but increasing debt obligations and future interest costs. Uber completes €4.5 billion euro debt offering
• Negative Sentiment: Uber’s planned workforce reduction, including California layoffs following management’s broader 10% staffing-cut announcement, raises concerns about execution and the possibility that lower operating costs will be used to fund cheaper rides rather than expand margins. Uber slashes jobs in California
• Negative Sentiment: Investors continue to face longer-term disruption risks from driverless vehicles and growing robotaxi competition, which could pressure Uber’s ride-hailing economics and market share. Interesting News for Uber Stock Investors
• Negative Sentiment: President and Chief Corporate Affairs Officer Jill Hazelbaker sold 28,170 shares worth about $2.0 million. Although insider sales can be routine, the transaction may weigh on sentiment because it reduced her holdings by roughly 15.85%. SEC insider sale filing

Uber Technologies Stock Performance

The stock has a market cap of $144.51 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 5.65 and a beta of 1.16. The company’s 50 day simple moving average is $73.85 and its 200 day simple moving average is $73.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’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, equities research analysts anticipate that Uber Technologies, Inc. will post 3.45 earnings per share for the current year.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Finally, Gould Capital LLC grew its stake in shares of Uber Technologies by 245.0% in the 4th quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock worth $28,000 after purchasing an additional 245 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.