Cercano Management LLC Sells 329,428 Shares of Uber Technologies, Inc. $UBER

Cercano Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 71.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,997 shares of the ride-sharing company’s stock after selling 329,428 shares during the period. Cercano Management LLC’s holdings in Uber Technologies were worth $13,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Norges Bank bought a new stake in Uber Technologies during the second quarter valued at about $2,348,319,000. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 1,905.3% during the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after buying an additional 4,133,532 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after buying an additional 2,901,936 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Uber Technologies by 97.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,422,035 shares of the ride-sharing company’s stock worth $531,197,000 after acquiring an additional 2,671,539 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research note on Thursday, December 18th. Piper Sandler set a $107.00 price objective on Uber Technologies in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a report on Wednesday, October 29th. Finally, Citigroup cut their price objective on shares of Uber Technologies from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.89.

Uber Technologies Stock Up 0.7%

Shares of UBER stock opened at $70.49 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14. 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 $146.47 billion, a PE ratio of 14.97, a P/E/G ratio of 6.40 and a beta of 1.21. The stock’s 50-day simple moving average is $80.49 and its 200-day simple moving average is $88.84.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. During the same quarter last year, the company posted $3.21 EPS. Uber Technologies’s quarterly revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

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.