Uber Technologies (NYSE:UBER) Stock Falls 1.6% Following Analyst Downgrade

Uber Technologies, Inc. (NYSE:UBER) shares traded down 1.6% on Thursday after Rosenblatt Securities lowered their price target on the stock from $100.00 to $95.00. Rosenblatt Securities currently has a buy rating on the stock. Uber Technologies traded as low as $67.73 and last traded at $68.7770. Approximately 29,999,110 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 19,023,287 shares. The stock had previously closed at $69.87.

UBER has been the subject of several other research reports. Barclays reduced their target price on shares of Uber Technologies from $106.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday. Daiwa Securities Group lowered their price target on shares of Uber Technologies from $80.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Arete Research downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “buy” rating and set a $110.00 price objective (down from $115.00) on shares of Uber Technologies in a report on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, forty-four have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.82.

Insider Activity

In other Uber Technologies news, insider Andrew Macdonald purchased 70,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 149,525 shares in the company, valued at $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.81% of the stock is currently owned by company insiders.

Uber Technologies News Roundup

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

• Positive Sentiment: Amazon partnership expands Uber Eats’ reach: Amazon Prime members in the U.S. can order qualifying restaurant meals through Amazon with no delivery fee, potentially bringing Uber Eats more customers and orders. Amazon ditches Grubhub, taps Uber Eats for Prime
• Positive Sentiment: Underlying growth remains strong: Gross bookings rose 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 and non-GAAP operating income growth of 38% topped estimates; analysts largely maintained positive ratings, despite some price-target reductions. Uber’s Profit Drop: A Speed Bump or Structural Shift?
• Neutral Sentiment: GAAP profit decline may overstate operating weakness: Net income fell 92%, but the comparison was distorted by substantial tax and equity benefits in the year-earlier quarter and a current-quarter investment loss. Uber’s Profit Drop: A Speed Bump or Structural Shift?
• Negative Sentiment: Mobility constraints and costs weigh on expectations: High fuel prices and driver shortages, particularly in international markets, hurt Mobility performance and prompted higher driver incentives. Q4 adjusted EPS guidance of $0.95–$0.99 came in below the roughly $1.06 analyst consensus. Uber Q3 Mobility Miss On High Fuel Prices; Delivery, AV Momentum Intact
• Negative Sentiment: Some analyst targets were cut, including Rosenblatt’s $100-to-$95 and Canaccord’s $72-to-$70 revisions, reflecting caution even as ratings remained Buy and Hold, respectively.
• Negative Sentiment: Robotaxi partnership risk: Waymo plans to end its exclusive Uber arrangement in Austin and Atlanta in January 2028, creating a longer-term competitive concern in those markets. Waymo confirms it will split with Uber in January 2028

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA raised its holdings in Uber Technologies by 2.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,342,977 shares of the ride-sharing company’s stock valued at $229,027,000 after acquiring an additional 94,508 shares in the last quarter. Formidable Asset Management LLC lifted 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 acquiring an additional 1,222 shares during the period. Guidance Capital Inc. grew its holdings in shares of Uber Technologies by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company’s stock worth $1,093,000 after purchasing an additional 376 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Uber Technologies by 279.5% during the 3rd quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company’s stock worth $2,740,000 after purchasing an additional 29,460 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of 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 purchasing an additional 8,392 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.6%

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $140.48 billion, a P/E ratio of 15.12, a PEG ratio of 6.37 and a beta of 1.33. The stock has a 50-day moving average of $70.50 and a 200 day moving average of $73.18.

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 the consensus estimate of $0.86 by $0.02. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.77 billion during the quarter, compared to analysts’ expectations of $14.66 billion. During the same quarter in the prior year, the business posted $3.11 earnings per share. Uber Technologies’s revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

About Uber Technologies

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.