Investment House LLC Decreases Stock Position in Uber Technologies, Inc. $UBER

Investment House LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 205,221 shares of the ride-sharing company’s stock after selling 7,836 shares during the period. Investment House LLC’s holdings in Uber Technologies were worth $20,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Westend Capital Management LLC bought a new position in shares of Uber Technologies during the third quarter valued at $27,000. Kilter Group LLC purchased a new position in Uber Technologies in the 2nd quarter worth about $26,000. Trust Co. of Toledo NA OH purchased a new position in Uber Technologies in the 2nd quarter worth about $30,000. Total Investment Management Inc. bought a new position in Uber Technologies during the 2nd quarter valued at about $32,000. Finally, REAP Financial Group LLC boosted its holdings in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on UBER shares. Barclays decreased their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. BNP Paribas Exane initiated coverage on Uber Technologies in a report on Wednesday, January 14th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.97.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the 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 sale, the insider directly owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred 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 owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 14,875 shares of company stock valued at $1,319,130. Company insiders own 3.84% of the company’s stock.

Key Uber Technologies News

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

• Positive Sentiment: Wall Street support: several firms reiterate/raise buy ratings and high price targets (Guggenheim, Truist, TD Cowen), which underpins upside expectations for UBER. Guggenheim buy rating
• Positive Sentiment: Institutional conviction: Pershing Square and other large holders keep sizable positions in Uber, signaling continued institutional confidence and potential support for the shares. Ackman holds Uber
• Positive Sentiment: Commercial wins: Guzman y Gomez signed an exclusive Uber Eats delivery deal in Australia and Kroger’s nationwide rollout onto Uber apps highlights continued demand for Uber’s delivery platform. Guzman y Gomez Uber Eats deal
• Positive Sentiment: Robotaxi narrative support: bullish investors/strategists (e.g., ARK; Ross Gerber comments) continue to include Uber in the long-term autonomous-vehicle opportunity, supporting the growth story for patient investors. Ross Gerber on robotaxis
• Neutral Sentiment: Analyst/strategy pieces from Zacks and Seeking Alpha argue for long-term upside and momentum, providing frameworks for buy‑the‑dip cases but noting valuation tradeoffs. Seeking Alpha long-term upside
• Neutral Sentiment: Company messaging: CEO commentary urging investors to separate substantive AI winners from hype may help set investor expectations around which AI initiatives will move the needle. CEO on AI focus
• Negative Sentiment: Autonomy competition risk: Wedbush and other commentators flag accelerating rollouts by Waymo and Tesla as long‑term threats to traditional ride‑hailing economics; this is pressuring multiples as investors model AV outcomes. Wedbush on AV risk
• Negative Sentiment: New low-cost rivals/tele‑operated models: startups claiming much lower per‑ride costs could compress margins if they scale in key markets. Rental startup threat
• Negative Sentiment: Legal and governance headlines: a novel lawsuit over a women’s safety feature and recent insider selling (Tony West) add headline risk and may sap short‑term sentiment. Lawsuit over safety feature Insider sale SEC filing

Uber Technologies Trading Down 0.4%

Shares of Uber Technologies stock opened at $82.26 on Friday. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The company’s fifty day simple moving average is $84.65 and its 200-day simple moving average is $90.70. 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 stock has a market capitalization of $170.93 billion, a PE ratio of 10.57 and a beta of 1.20.

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