Pictet Asset Management Holding SA Buys 94,508 Shares of Uber Technologies, Inc. $UBER

Pictet Asset Management Holding SA raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,342,977 shares of the ride-sharing company’s stock after buying an additional 94,508 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Uber Technologies were worth $229,027,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at about $28,000. William Mack & Associates Inc. purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 209.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 277 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $29,000. Finally, Balance Wealth Partners LLC acquired a new position in shares of Uber Technologies in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Moffett Nathanson boosted their target price on Uber Technologies from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Sanford C. Bernstein decreased their price target on Uber Technologies from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday. Needham & Company LLC lowered their price target on Uber Technologies from $109.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $110.00 price target (down from $115.00) on shares of Uber Technologies in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $101.82.

Uber Technologies News Summary

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi purchased 141,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction on Friday, September 11th. The stock was 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 of the company’s stock, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.81% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.2%

Shares of UBER opened at $68.63 on Friday. The stock has a market capitalization of $140.18 billion, a PE ratio of 40.61, a P/E/G ratio of 8.83 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $64.04 and a 1 year high of $95.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.84 and a current ratio of 1.23. The company’s 50-day simple moving average is $70.14 and its 200-day simple moving average is $73.03.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. The business had revenue of $14.77 billion during the quarter, compared to analyst estimates of $14.66 billion. Uber Technologies had a net margin of 6.13% and a return on equity of 21.37%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.11 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 3.11 earnings per share for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.