Zevenbergen Capital Investments LLC Reduces Stock Position in Uber Technologies, Inc. $UBER

Zevenbergen Capital Investments LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 364,383 shares of the ride-sharing company’s stock after selling 209,454 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Uber Technologies were worth $24,964,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BIP Wealth LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $1,033,000. Pacer Advisors Inc. lifted its stake in Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after buying an additional 29,587 shares in the last quarter. Weiss Asset Management LP boosted its holdings in Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after buying an additional 51,465 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Uber Technologies during the fourth quarter worth approximately $17,336,000. 80.24% of the stock is owned by institutional investors and hedge funds.

More Uber Technologies News

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

• Positive Sentiment: Robotaxi expansion: Uber and Pony.ai plan to begin testing Pony.ai’s Gen-7 autonomous vehicles in London within weeks. The partnership is part of Uber’s broader goal of offering autonomous ride-hailing in 15 cities by the end of 2026, potentially strengthening its long-term growth profile. Uber and China’s Pony.ai plan to launch robotaxis in London
• Positive Sentiment: Food-delivery growth: Uber’s planned $2.3 billion acquisition of ezCater would expand Uber Eats into workplace catering, add access to more than 140,000 restaurants and increase exposure to higher-value business orders. Analysts estimate the deal could contribute to bookings and EBITDA growth in 2027. Uber to Expand Food Delivery Reach Via ezCater Buy
• Positive Sentiment: Analyst support and bookings momentum: Citizens JMP reaffirmed a “market outperform” rating and a $100 price target. Separate commentary highlighted strong bookings momentum and Uber’s cash-generation potential, offering a bullish counterpoint to recent investor caution. Uber Technologies acquisitions and 2027 bookings
• Neutral Sentiment: Operational performance remains mixed: A Q3 investor letter cited strong operational growth, but said softer guidance limited the benefit. Uber previously reported quarterly earnings slightly above expectations, while revenue came in just below consensus.
• Negative Sentiment: Acquisition concerns: The ezCater purchase has drawn criticism from retail investors concerned about valuation, integration risk and whether Uber should buy businesses rather than build internally. The transaction also adds to Uber’s capital commitments alongside its planned Delivery Hero investment. Uber’s M&A Playbook Faces Scrutiny
• Negative Sentiment: Service and legal risks: A study said Uber riders are paying substantially more while waiting longer, which could pressure demand and customer satisfaction. Uber also settled another bellwether sexual-assault lawsuit, underscoring continuing litigation and reputational risks.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction on 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 completion of 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 filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This represents a 11.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UBER. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research report on Monday, June 29th. Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Tigress Financial raised their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group boosted their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Two research 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 stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $103.11.

Uber Technologies Stock Up 2.6%

Shares of UBER traded up $1.80 during trading hours on Thursday, reaching $70.25. The company’s stock had a trading volume of 14,495,027 shares, compared to its average volume of 19,099,824. The company has a 50 day moving average of $73.15 and a two-hundred day moving average of $72.98. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $143.48 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 5.63 and a beta of 1.27. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $100.35.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current fiscal year.

Uber Technologies Profile

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.