Wedge Capital Management L L P NC Sells 73,929 Shares of Uber Technologies, Inc. $UBER

Wedge Capital Management L L P NC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,065 shares of the ride-sharing company’s stock after selling 73,929 shares during the period. Wedge Capital Management L L P NC’s holdings in Uber Technologies were worth $34,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Vanguard Group Inc. increased its holdings in Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after buying an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the 1st quarter worth about $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC raised its position in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the period. 80.24% of the stock is owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber expanded its AV footprint by rolling out robotaxi rides in Dubai with partner WeRide, increasing early commercial exposure for Mobility and potentially accelerating future revenue mix diversification. AV Expansion in UAE
• Positive Sentiment: Bernstein/other sell‑side commentary argues investors have over‑discounted AV risks; at least one analyst raised Uber’s price target, framing the stock as an attractive entry if robotaxi fears ease — supportive for valuation. Analyst Note / MarketWatch
• Neutral Sentiment: Comparative coverage highlights that Serve Robotics (SERV) and Uber represent different autonomous delivery plays — useful context for investors but not an immediate stock mover for UBER. SERV vs UBER
• Neutral Sentiment: Institutional ownership remains high and several large funds recently adjusted positions — a reminder that blocks and index/ETF flows can affect volatility but don’t change fundamentals immediately. Institutional Holdings
• Negative Sentiment: Multiple states, counties and attorneys general have joined or filed suits alleging deceptive subscription/billing practices; growing litigation and potential remediation costs raise regulatory/legal risk and near‑term headline volatility. AG Nessel Lawsuit
• Negative Sentiment: Uber’s head of safety is departing amid an executive shakeup, which could concern investors focused on governance and operational continuity. Safety Chief Departure
• Negative Sentiment: Insider selling: General Counsel Tony West sold 3,125 shares on Dec. 18 — isolated insider sales aren’t uncommon but can add to negative sentiment when combined with other headwinds. Tony West Insider Sale
• Negative Sentiment: Technical analysts flagged a break of support, prompting “meltdown” headlines; technical weakness can amplify selling flows from momentum and quant funds. Technical Weakness

Analysts Set New Price Targets

Several research firms have weighed in on UBER. TD Cowen increased their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 15th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Guggenheim cut their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.43.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 264,875 shares of company stock valued at $26,458,818 over the last three months. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.5%

Shares of Uber Technologies stock opened at $79.32 on Friday. The firm has a market cap of $164.81 billion, a PE ratio of 10.20 and a beta of 1.19. The business’s 50 day simple moving average is $90.06 and its 200 day simple moving average is $91.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a 52-week low of $59.75 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the previous year, the business earned $1.20 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Company Profile

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.