Wealthfront Advisers LLC Increases Stock Position in Uber Technologies, Inc. $UBER

Wealthfront Advisers LLC increased its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,665 shares of the ride-sharing company’s stock after buying an additional 9,335 shares during the quarter. Wealthfront Advisers LLC’s holdings in Uber Technologies were worth $30,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Uber Technologies during the 2nd quarter worth about $2,348,319,000. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 1,905.3% in the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock worth $426,216,000 after acquiring an additional 4,133,532 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock valued at $290,660,000 after acquiring an additional 2,901,936 shares during the period. Finally, Nordea Investment Management AB boosted its position in Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after purchasing an additional 2,807,967 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UBER. Arete Research set a $125.00 price objective on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Truist Financial set a $108.00 target price on Uber Technologies in a report on Monday. Stifel Nicolaus reduced their price target on Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Finally, Wolfe Research reduced their target price on shares of Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.89.

Get Our Latest Stock Analysis on UBER

Uber Technologies Price Performance

Shares of UBER opened at $73.93 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The stock has a 50 day moving average of $82.82 and a 200-day moving average of $89.58. The firm has a market cap of $153.61 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 6.32 and a beta of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion during the quarter, compared to the consensus estimate of $14.32 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider directly owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,875 shares of company stock valued at $1,319,130 in the last 90 days. Insiders own 3.70% of the company’s stock.

More Uber Technologies News

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About Uber Technologies

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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