Uber Technologies, Inc. $UBER Shares Sold by JCIC Asset Management Inc.

JCIC Asset Management Inc. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 98.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,075 shares of the ride-sharing company’s stock after selling 62,299 shares during the period. JCIC Asset Management Inc.’s holdings in Uber Technologies were worth $74,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 3Chopt Investment Partners LLC bought a new stake in Uber Technologies during the third quarter valued at approximately $213,000. Provenance Wealth Advisors LLC raised its position in Uber Technologies by 3,514.2% in the third quarter. Provenance Wealth Advisors LLC now owns 33,034 shares of the ride-sharing company’s stock worth $2,263,000 after acquiring an additional 32,120 shares during the period. Associated Banc Corp bought a new position in Uber Technologies in the third quarter worth approximately $43,925,000. Integrity Alliance LLC. raised its position in Uber Technologies by 20.4% in the third quarter. Integrity Alliance LLC. now owns 10,484 shares of the ride-sharing company’s stock worth $718,000 after acquiring an additional 1,774 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Uber Technologies by 0.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 251,091 shares of the ride-sharing company’s stock valued at $17,202,000 after acquiring an additional 850 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Third-quarter gross bookings rose 20% to about $59.8 billion, and adjusted EPS increased 35% to $0.88, slightly above estimates. Revenue of $14.77 billion also topped expectations. Uber Q3 results and headwinds
• Positive Sentiment: Delivery strength and plans to expand Uber’s driverless fleet—targeting more than 2,000 vehicles by 2027—offer potential growth beyond core ride-hailing. Uber delivery and robotaxi plans
• Neutral Sentiment: The 92% decline in GAAP net income to $512 million largely reflects unusual prior-year tax and investment benefits, plus a current-quarter investment loss; adjusted operating measures improved. Uber financial results
• Negative Sentiment: Uber’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 consensus. Management cited driver shortages, higher fuel costs and geopolitical pressures; added driver incentives could weigh on margins. Uber profit forecast and headwinds
• Negative Sentiment: Mobility bookings and trips missed expectations amid supply constraints, and Waymo plans to end its exclusive Uber robotaxi partnership in Austin and Atlanta by January 2028, creating a longer-term competitive risk in those markets. Waymo partnership split

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi purchased 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, for a total transaction of $10,005,360.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Macdonald purchased 70,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the purchase, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. This represents a 19.65% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UBER. DA Davidson reduced their price objective on Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Scotiabank initiated coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 target price on the stock. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Rosenblatt Securities started coverage on Uber Technologies in a report on Tuesday, September 1st. They set a “buy” rating and a $100.00 price target for the company. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $110.00 price target on shares of Uber Technologies in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $102.86.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $69.95 on Thursday. The company has a market capitalization of $142.89 billion, a P/E ratio of 15.37, a P/E/G ratio of 6.37 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $64.04 and a 1-year high of $95.44. The firm’s 50 day simple moving average is $70.50 and its two-hundred day simple moving average is $73.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm 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 company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.11 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.