NewEdge Advisors LLC Sells 25,355 Shares of Uber Technologies, Inc. $UBER

NewEdge Advisors LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,446 shares of the ride-sharing company’s stock after selling 25,355 shares during the period. NewEdge Advisors LLC’s holdings in Uber Technologies were worth $18,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. BIP Wealth LLC purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $1,033,000. Pacer Advisors Inc. raised its holdings in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after buying an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Uber Technologies by 6.1% in 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 during the last quarter. Mach 1 Financial Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $1,220,000. Finally, Weiss Asset Management LP lifted its stake in shares of 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 during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 2.2%

Shares of UBER opened at $72.64 on Friday. The firm has a market cap of $148.38 billion, a P/E ratio of 15.97, a PEG ratio of 5.63 and a beta of 1.16. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The stock’s 50 day moving average is $74.01 and its two-hundred day moving average is $73.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts predict that Uber Technologies, Inc. will post 3.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the acquisition, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $70.96 per share, for a total transaction 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 approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. TD Cowen reissued a “buy” rating and issued a $118.00 price objective on shares of Uber Technologies in a report on Thursday, July 16th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Uber Technologies in a report on Wednesday, September 2nd. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Sanford C. Bernstein cut their price target on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Finally, Piper Sandler reissued an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.03.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: CEO Dara Khosrowshahi purchased 141,000 shares for approximately $10 million at an average price of $70.96, increasing his direct ownership by 11.5%. The large purchase is being interpreted as a signal that management considers Uber undervalued. Uber CEO stock purchase article
• Positive Sentiment: Scotiabank initiated coverage with a “sector outperform” rating and a $100 price target, implying significant upside from recent trading levels. Wedbush has also maintained an “outperform” rating, reinforcing the favorable sell-side view.
• Positive Sentiment: Uber, WeRide and AVOMO received Spain’s first national permit for Level 4 autonomous passenger vehicles on public roads. The partners plan to begin mapping and supervised testing with an initial 20-vehicle fleet in Madrid, targeting commercial operations by the end of 2026. The approval supports Uber’s strategy of offering robotaxi services through partners rather than building vehicles itself. Reuters Spain autonomous vehicle permit article
• Positive Sentiment: A new Wakefern partnership adds more than 375 supermarkets, including ShopRite and other regional banners, to Uber Eats. The deal expands grocery delivery scale and strengthens Uber’s presence in recurring everyday purchases. Uber Wakefern grocery partnership article
• Neutral Sentiment: Unusually heavy call-option activity and management commentary at the Goldman Sachs technology conference indicate heightened investor interest, but options positioning and conference remarks do not necessarily change Uber’s underlying earnings outlook.
• Negative Sentiment: Uber drivers in Amsterdam sued over claims that the company’s pay algorithm reduced earnings and violated privacy laws. Potential legal costs, regulatory scrutiny and changes to driver compensation could pressure margins if the claims gain traction. Amsterdam Uber driver lawsuit article
• Negative Sentiment: Management said savings from layoffs and lower insurance costs may be used to reduce ride prices. While this could stimulate demand, it may also limit near-term revenue or margin expansion and adds to concerns surrounding Uber’s restructuring and large autonomous-vehicle investments.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.