Uber Technologies (NYSE:UBER) Stock Gets Price Target Trim from BTIG Research

Uber Technologies (NYSE:UBER) had its price objective trimmed by BTIG Research from $100.00 to $90.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.

A number of other analysts have also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on shares of Uber Technologies in a research note on Tuesday, September 1st. They issued a “buy” rating and a $100.00 price target on the stock. KeyCorp lowered their price objective on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Bank of America cut their price objective on Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $101.82.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.15 during trading on Wednesday, reaching $68.63. The company had a trading volume of 18,272,398 shares, compared to its average volume of 16,264,552. The firm’s 50-day simple moving average is $70.14 and its 200 day simple moving average is $73.03. Uber Technologies has a 1-year low of $64.04 and a 1-year high of $95.18. The firm has a market capitalization of $140.18 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 6.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $14.77 billion during the quarter, compared to analysts’ expectations of $14.66 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.11 earnings per share. As a group, equities research analysts anticipate that Uber Technologies will post 3.14 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the completion of the sale, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. The trade was a 11.50% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Large investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its stake in Uber Technologies by 2.9% during the third quarter. Pictet Asset Management Holding SA now owns 3,342,977 shares of the ride-sharing company’s stock worth $229,027,000 after purchasing an additional 94,508 shares during the period. Formidable Asset Management LLC raised its position in shares of Uber Technologies by 5.2% during the 3rd quarter. Formidable Asset Management LLC now owns 24,653 shares of the ride-sharing company’s stock valued at $1,779,000 after buying an additional 1,222 shares during the period. Guidance Capital Inc. lifted its holdings in Uber Technologies by 2.3% in the third quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company’s stock valued at $1,093,000 after acquiring an additional 376 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Uber Technologies by 279.5% in the third quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company’s stock valued at $2,740,000 after acquiring an additional 29,460 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Uber Technologies by 4.8% in the third quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company’s stock worth $12,496,000 after acquiring an additional 8,392 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Uber Technologies News

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Uber Technologies Company Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.