Northeast Investment Management Raises Holdings in Uber Technologies, Inc. $UBER

Northeast Investment Management increased its position in Uber Technologies, Inc. (NYSE:UBER) by 27.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 116,465 shares of the ride-sharing company’s stock after purchasing an additional 24,984 shares during the period. Northeast Investment Management’s holdings in Uber Technologies were worth $11,410,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Foster Group Inc. boosted its position in shares of Uber Technologies by 3.3% during the 3rd quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock valued at $330,000 after acquiring an additional 107 shares during the last quarter. Sage Rhino Capital LLC raised its stake in Uber Technologies by 4.2% during the third quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock valued at $268,000 after purchasing an additional 110 shares in the last quarter. Quent Capital LLC raised its stake in Uber Technologies by 3.3% during the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after purchasing an additional 111 shares in the last quarter. Emergent Wealth Advisors LLC lifted its position in Uber Technologies by 0.7% during the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock valued at $1,701,000 after purchasing an additional 114 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in shares of Uber Technologies by 1.3% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock worth $879,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the insider directly 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 filing with the SEC, which is available through this link. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. TD Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Uber Technologies in a research report on Thursday, February 5th. DA Davidson increased their price target on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Cantor Fitzgerald lowered their target price on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Finally, Truist Financial set a $108.00 price target on shares of Uber Technologies in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.89.

Uber Technologies Stock Up 0.7%

Shares of NYSE:UBER opened at $70.49 on Wednesday. The business’s 50 day moving average is $80.49 and its 200 day moving average is $88.84. The stock has a market cap of $146.47 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 6.40 and a beta of 1.21. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.14 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last issued its 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). The firm had revenue of $14.37 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.Uber Technologies’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.