88,380 Shares in Uber Technologies, Inc. $UBER Purchased by Welch & Forbes LLC

Welch & Forbes LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 88,380 shares of the ride-sharing company’s stock, valued at approximately $8,659,000.

A number of other large investors have also recently made changes to their positions in UBER. Westend Capital Management LLC purchased a new stake in Uber Technologies in the third quarter worth $27,000. Kilter Group LLC bought a new position in Uber Technologies in the 2nd quarter worth $26,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter worth $30,000. Total Investment Management Inc. purchased a new stake in shares of Uber Technologies in the 2nd quarter worth about $32,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Uber Technologies during the third quarter valued at about $34,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Down 2.0%

Uber Technologies stock opened at $80.07 on Friday. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The company has a market capitalization of $166.37 billion, a price-to-earnings ratio of 10.29 and a beta of 1.20. The business’s fifty day simple moving average is $83.95 and its two-hundred day simple moving average is $90.23. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

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 the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, 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. Insiders sold 14,875 shares of company stock valued at $1,319,130 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Wolfe Research lowered their price objective on shares of Uber Technologies from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Stifel Nicolaus reduced their price target on Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler set a $107.00 price objective on Uber Technologies in a report on Wednesday, November 5th. Finally, Melius Research set a $73.00 target price on shares of Uber Technologies in a report on Monday, January 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

More Uber Technologies News

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

• Positive Sentiment: Large autonomous-vehicle commitments: Uber is committing up to $250M to Waabi, which raised $750M, and plans to source many future robotaxis from Waabi’s platform — a sign Uber is investing in an off-balance-sheet route to scale autonomous ride volume. Uber’s new plan to deploy 25,000 robotaxis will come from an autonomous trucking company
• Positive Sentiment: Strategic OEM & chip partnerships: Mercedes and NVIDIA are partnering with Uber on large-scale, premium S?Class Level?4 robotaxis, validating Uber’s AV ambitions and giving possible scale and tech credibility. This can support long-term TAM expansion and revenue optionality. Mercedes, NVIDIA and Uber Team Up to Build S-Class Robotaxis
• Positive Sentiment: Analyst sentiment trending favorable: Some aggregator/analyst commentary shows bullish tilt (TipRanks trending StrongBuy), which can limit downside if earnings don’t materially disappoint. Uber Technologies Stock Forecast: Trending StrongBuy Among Analysts
• Neutral Sentiment: Pre-earnings focus on execution metrics: Analysts are digging beyond revenue and EPS into margins, adjusted metrics and segment KPIs ahead of Uber’s quarterly report next week — results could cause short-term volatility either way. Countdown to Uber (UBER) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
• Neutral Sentiment: Mixed analyst/coverage views: Some bullish write-ups praise revenue and user growth but flag valuation, keeping a cautious “hold” tone that moderates upside expectations. Uber Technologies: This Ride Has Exceeded My Expectations
• Negative Sentiment: Regulatory / worker-pay settlement: Uber Eats agreed to pay about $3.5M in restitution and penalties in NYC over delivery worker pay — a modest direct hit but a reminder of ongoing regulatory and labor compliance costs. Uber Eats Ordered to Pay $3.5 Million Over NYC Delivery Worker Pay
• Negative Sentiment: Legal and reputational exposure: A jury awarded $19M in a lawsuit versus Uber, and a federal trial has drawn testimony about frequent rider reports of sexual assault — these items raise legal costs and reputational risk that could pressure sentiment near term. Jury Awards Former NHL Player Brandon Crawley $19 Million in Lawsuit Against Uber Technologies, Inc. At Uber trial, expert says riders reported rape every day in 2024

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.