Investment House LLC Sells 7,836 Shares of Uber Technologies, Inc. $UBER

Investment House LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,221 shares of the ride-sharing company’s stock after selling 7,836 shares during the period. Investment House LLC’s holdings in Uber Technologies were worth $20,106,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 buying an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Norges Bank purchased a new position in shares of Uber Technologies in the second quarter valued at about $2,348,319,000. Charles Schwab Investment Management Inc. raised its stake in shares of Uber Technologies by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 13,810,255 shares of the ride-sharing company’s stock valued at $1,288,497,000 after acquiring an additional 142,933 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Uber Technologies by 5.2% during the second quarter. Legal & General Group Plc now owns 12,518,594 shares of the ride-sharing company’s stock valued at $1,167,985,000 after acquiring an additional 615,692 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.4%

NYSE:UBER opened at $82.26 on Friday. The firm has a market capitalization of $170.93 billion, a P/E ratio of 10.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a one year low of $60.63 and a one year high of $101.99. The company’s 50-day simple moving average is $84.65 and its 200 day simple moving average is $90.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. UBS Group set a $122.00 target price on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald dropped their price objective on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Melius Research set a $73.00 target price on Uber Technologies in a research note on Monday, January 5th. Citigroup restated a “market perform” rating on shares of Uber Technologies in a report on Wednesday, December 10th. Finally, Arete Research set a $125.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.97.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the sale, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 14,875 shares of company stock valued at $1,319,130. 3.84% of the stock is owned by corporate insiders.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Wall Street support: several firms reiterate/raise buy ratings and high price targets (Guggenheim, Truist, TD Cowen), which underpins upside expectations for UBER. Guggenheim buy rating
• Positive Sentiment: Institutional conviction: Pershing Square and other large holders keep sizable positions in Uber, signaling continued institutional confidence and potential support for the shares. Ackman holds Uber
• Positive Sentiment: Commercial wins: Guzman y Gomez signed an exclusive Uber Eats delivery deal in Australia and Kroger’s nationwide rollout onto Uber apps highlights continued demand for Uber’s delivery platform. Guzman y Gomez Uber Eats deal
• Positive Sentiment: Robotaxi narrative support: bullish investors/strategists (e.g., ARK; Ross Gerber comments) continue to include Uber in the long-term autonomous-vehicle opportunity, supporting the growth story for patient investors. Ross Gerber on robotaxis
• Neutral Sentiment: Analyst/strategy pieces from Zacks and Seeking Alpha argue for long-term upside and momentum, providing frameworks for buy?the?dip cases but noting valuation tradeoffs. Seeking Alpha long-term upside
• Neutral Sentiment: Company messaging: CEO commentary urging investors to separate substantive AI winners from hype may help set investor expectations around which AI initiatives will move the needle. CEO on AI focus
• Negative Sentiment: Autonomy competition risk: Wedbush and other commentators flag accelerating rollouts by Waymo and Tesla as long?term threats to traditional ride?hailing economics; this is pressuring multiples as investors model AV outcomes. Wedbush on AV risk
• Negative Sentiment: New low-cost rivals/tele?operated models: startups claiming much lower per?ride costs could compress margins if they scale in key markets. Rental startup threat
• Negative Sentiment: Legal and governance headlines: a novel lawsuit over a women’s safety feature and recent insider selling (Tony West) add headline risk and may sap short?term sentiment. Lawsuit over safety feature Insider sale SEC filing

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.