New Wave Wealth Advisors LLC Has $296,000 Stock Holdings in Uber Technologies, Inc. $UBER

New Wave Wealth Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 82.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,021 shares of the ride-sharing company’s stock after selling 14,376 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Uber Technologies were worth $296,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $2,348,319,000. Pacer Advisors Inc. grew its position in 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. increased its stake in shares of Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Uber Technologies by 4,471.9% during 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 purchasing an additional 2,901,936 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after purchasing an additional 2,807,967 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. Melius Research set a $73.00 price target on Uber Technologies in a research note on Monday, January 5th. Barclays dropped their price target on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. TD Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Susquehanna reiterated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.97.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Guzman y Gomez signed a multi-year deal making Uber Eats the exclusive delivery partner in Australia — a concrete revenue/market-share win for Eats in a large market that supports near-term delivery growth. Read More.
• Positive Sentiment: Guggenheim reiterated a Buy and set a $135 price target — the upbeat analyst note (large upside vs. current levels) can attract buyers and underpin sentiment. Read More.
• Positive Sentiment: TD Cowen maintained its Buy rating, citing sustained core strength and emerging growth drivers — another vote of confidence from the sell side that supports a buy‑the‑dip case. Read More.
• Positive Sentiment: Analysis suggesting a nationwide Kroger grocery rollout onto Uber apps boosts the bull case for incremental Eats/Delivery GMV and cross‑sell opportunities. Read More.
• Neutral Sentiment: Bloomberg Law reports the plaintiffs’ lawyer in a high‑profile sexual‑assault case is under scrutiny — this could reduce the odds or severity of an adverse outcome but remains uncertain. Read More.
• Neutral Sentiment: Uber CEO commentary urging investors to focus on substantive AI winners is guidance for sorting durable investments vs. hype — helpful but not an immediate catalyst. Read More.
• Negative Sentiment: Wedbush warns that advances from Waymo and Tesla increase long‑term autonomous vehicle risks to Uber’s ride‑hailing economics — heightens investor concern about technology disruption and multiple compression. Read More.
• Negative Sentiment: Men have filed suit over a women’s safety feature (Uber & Lyft) — new litigation adds legal/PR risk and potential costs or feature changes. Read More.
• Negative Sentiment: Insider selling: General Counsel Tony West sold 3,125 shares recently — a modest but visible insider sale that can be read negatively by short‑term traders. Read More.
• Negative Sentiment: Peer weakness (Grab) and coverage highlighting new low‑cost tele‑operated/rental rivals amplify sector‑wide valuation caution — adds to downward pressure on multiples. Read More.

Uber Technologies Trading Down 2.1%

Shares of NYSE UBER opened at $82.48 on Friday. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. The firm has a market capitalization of $171.38 billion, a P/E ratio of 10.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day simple moving average is $84.84 and its 200 day simple moving average is $90.85.

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

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,875 shares of company stock worth $1,319,130. Insiders own 3.84% of the company’s stock.

About Uber Technologies

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.