Uber Technologies (NYSE:UBER) Upgraded at Melius Research

Melius Research upgraded shares of Uber Technologies (NYSE:UBER) to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on UBER. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.33.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $86.19 on Monday. The stock has a market cap of $179.09 billion, a price-to-earnings ratio of 11.08 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies has a twelve month low of $60.63 and a twelve month high of $101.99. The company’s fifty day moving average is $86.96 and its 200 day moving average is $91.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. Sell-side analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the sale, the insider owned 175,423 shares in the company, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Uber Technologies during the second quarter worth approximately $2,348,319,000. Kingstone Capital Partners Texas LLC grew its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Uber Technologies by 1,905.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock worth $426,216,000 after acquiring an additional 4,133,532 shares in the last quarter. Vanguard Group Inc. increased its position in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Uber Technologies by 4,471.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock valued at $290,660,000 after purchasing an additional 2,901,936 shares in the last quarter. 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: Uber, Lucid and Nuro unveiled a production-intent robotaxi, began on-road testing and intend to deploy services (San Francisco Bay Area) later this year — a tangible step that reframes Uber as a leading partner in commercial autonomous mobility and appears to be driving buying interest. Uber Technologies (UBER) Is Up 5.5% After Anchoring Robotaxi Strategy On Lucid–Nuro Partner Fleets
• Positive Sentiment: Multiple outlets report the Lucid–Nuro–Uber robotaxi program (CES display, production intent, planned launches) — this reduces execution uncertainty versus pure?play AV stories and supports higher long?term revenue/market?share optionality for Uber. Uber, Nuro and Lucid Plan to Launch Robotaxi Service This Year
• Positive Sentiment: Institutional analysts are split but include bullish takes: Bank of America reaffirmed a Buy based on AV partnerships and free?cash?flow upside, adding credibility to the growth narrative. Uber: Buy Rating Backed by Autonomous Vehicle Partnerships and Attractive Free Cash Flow Valuation Upside
• Positive Sentiment: Jefferies reiterated a Buy and called the recent pullback a buying opportunity, citing limited near?term AV competitive impact and attractive valuation after a multi-month slide. Uber Technologies pullback creates buying opportunity, says Jefferies analysts
• Neutral Sentiment: Longer-term opinion pieces and performance outlooks highlight Uber’s strong revenue growth and cash generation but note AV uncertainty — useful for investors assessing multi?year thesis but unlikely to move the stock intraday. Where Will Uber Technologies Stock Be in 3 Years?
• Neutral Sentiment: Options and trading chatter (put strategies, volatility commentary) are increasing as investors hedge around the AV news and analyst divergence — indicates higher short?term volatility but no clear directional verdict. This Put Option Pays Off If Uber Stock Fails To Pick Up
• Negative Sentiment: Melius Research cut its rating to Sell/“strong sell” (coverage noted across outlets), a headline that has put downward pressure and contributed to intraday pullbacks. Zacks / Melius Research coverage note Tickerreport coverage
• Negative Sentiment: Berger Montague announced an investigation into Uber’s board over alleged oversight failures on rider safety/background checks — a governance/legal risk that can weigh on sentiment and increase headline risk. INVESTIGATION ALERT: Berger Montague PC Investigates Uber Technologies, Inc.’s Board
• Negative Sentiment: Coverage noting an analyst downgrade and a reported ~2.6% intraday drop after that call underscores that negative research notes can still trigger meaningful short?term selling. Uber Technologies (NYSE:UBER) Stock Price Down 2.6% After Analyst Downgrade

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.