Uber Technologies, Inc. $UBER Stock Acquired by Cacti Asset Management LLC

Cacti Asset Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 77.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,036 shares of the ride-sharing company’s stock after buying an additional 186,352 shares during the quarter. Uber Technologies comprises 1.6% of Cacti Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Cacti Asset Management LLC’s holdings in Uber Technologies were worth $29,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. QRG Capital Management Inc. raised its stake in Uber Technologies by 6.7% in the second quarter. QRG Capital Management Inc. now owns 355,500 shares of the ride-sharing company’s stock worth $25,653,000 after buying an additional 22,320 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Uber Technologies by 5.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 115,565 shares of the ride-sharing company’s stock worth $8,332,000 after acquiring an additional 5,517 shares during the period. Wellington Altus USA Inc. grew its holdings in shares of Uber Technologies by 65.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,039 shares of the ride-sharing company’s stock worth $147,000 after acquiring an additional 803 shares during the period. Anchor Investment Management LLC raised its position in shares of Uber Technologies by 57.2% in the 2nd quarter. Anchor Investment Management LLC now owns 16,339 shares of the ride-sharing company’s stock worth $1,179,000 after acquiring an additional 5,943 shares in the last quarter. Finally, Marathon Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 0.7% in the 2nd quarter. Marathon Wealth Advisors LLC now owns 28,249 shares of the ride-sharing company’s stock valued at $2,038,000 after purchasing an additional 203 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.6%

Shares of Uber Technologies stock traded down $1.10 on Thursday, reaching $67.41. The company’s stock had a trading volume of 7,460,286 shares, compared to its average volume of 19,155,756. The company has a market capitalization of $137.68 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 5.65 and a beta of 1.16. The firm’s fifty day simple moving average is $73.20 and its two-hundred day simple moving average is $73.23. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $101.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last announced 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 28,170 shares of the firm’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 sale, the insider owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi purchased 141,000 shares of Uber Technologies stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. KeyCorp reduced their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, Barclays lowered their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $103.03.

About Uber Technologies

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.