Inlight Wealth Management LLC Sells 69,098 Shares of Uber Technologies, Inc. $UBER

Inlight Wealth Management LLC cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 99.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 413 shares of the ride-sharing company’s stock after selling 69,098 shares during the quarter. Inlight Wealth Management LLC’s holdings in Uber Technologies were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Kilter Group LLC bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in Uber Technologies during the third quarter worth $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies in the 2nd quarter valued at $30,000. Finally, Total Investment Management Inc. acquired a new stake in Uber Technologies in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Key Uber Technologies News

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

• Positive Sentiment: Large distribution boost from Kroger partnership expands grocery reach (adds ~2,700 Kroger stores to Uber, Uber Eats and Postmates), directly supporting delivery growth and revenue diversification. Kroger Launches Fast, Convenient Delivery on Uber Apps Nationwide
• Positive Sentiment: New and reaffirmed analyst support: BNP Paribas Exane started coverage with an “outperform” and $108 PT, and BTIG reaffirmed a Buy with $100 PT — these increase buy-side interest and signal upside from current levels. BNP Paribas Exane Begins Coverage on Uber Technologies (NYSE:UBER)
• Positive Sentiment: Positive earnings momentum and delivery acceleration narratives are prompting “buy the dip” takes and valuation-focused coverage highlighting long-term growth potential in delivery and new tech adoption. Uber: Buy The Dip As Delivery Services Accelerate
• Positive Sentiment: International demand tailwinds — WeChat partnership is driving higher usage from Chinese tourists overseas, supporting cross-border growth and marketplace utilization. Uber’s WeChat tie-up pays off as demand from Chinese tourists rises overseas
• Neutral Sentiment: Analyst consensus and price-target dispersion: several outlets note a meaningful average upside (~31% per some coverage), which keeps investor attention but also highlights varied views across brokers. Wall Street Analysts Believe Uber (UBER) Could Rally 31.3%: Here’s is How to Trade
• Neutral Sentiment: Investor letters and hedge fund commentary label Uber a “battleground” — signals active ownership and potential for positioning but not an immediate directional catalyst. L1 Capital International Strategy: Uber (UBER) is a ‘Battleground’ Company
• Negative Sentiment: PR/ballot initiative controversy: an LA Times column accuses Uber’s proposed ballot measure of prioritizing company costs over consumer interests — reputational and regulatory risks that can pressure valuation. Hiltzik: Uber’s trying to snow voters with a supposedly pro-consumer ballot initiative. Don’t buy it
• Negative Sentiment: Driver-pay/legal headwinds: NYC alleges DoorDash and Uber cost drivers $550M in tips — ongoing regulatory and legal scrutiny could increase costs, settlements or operational constraints. DoorDash, Uber Drivers Stiffed on $550 Million in Tips, NYC Says
• Negative Sentiment: Some sell-side pressure: Cantor Fitzgerald trimmed its price target recently — a reminder that not all analysts are raising targets, which can temper upside near-term. This is What The Street Thinks About Uber Technologies (UBER)

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Piper Sandler set a $107.00 price target on Uber Technologies in a research note on Wednesday, November 5th. Mizuho assumed coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.18.

Uber Technologies Trading Down 0.3%

Shares of UBER stock opened at $84.41 on Friday. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The company has a market capitalization of $175.38 billion, a PE ratio of 10.85 and a beta of 1.20. The firm has a 50 day moving average price of $85.74 and a two-hundred day moving average price of $91.15. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred 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 $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the transaction, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is currently owned by company insiders.

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.