Uber Technologies (NYSE:UBER) Shares Down 1.5% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) was down 1.5% during trading on Tuesday. The company traded as low as $68.40 and last traded at $68.8820. Approximately 15,622,233 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 18,902,104 shares. The stock had previously closed at $69.96.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Arete Research set a $74.00 price target on Uber Technologies and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Roth Capital lowered their target price on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Evercore restated an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Citizens Jmp restated a “market outperform” rating and set a $100.00 target price on shares of Uber Technologies in a research report on Wednesday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $103.11.

Uber Technologies Stock Down 1.9%

The business has a 50-day moving average price of $72.60 and a 200 day moving average price of $72.85. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $138.19 billion, a P/E ratio of 14.87, a P/E/G ratio of 5.89 and a beta of 1.27.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider directly owned 149,525 shares in the company, valued at $10,662,627.75. The trade was a 15.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were acquired at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the transaction, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBER. BIP Wealth LLC purchased a new position in Uber Technologies during the second quarter worth about $1,033,000. Pacer Advisors Inc. boosted its holdings in Uber Technologies by 23.7% in the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after buying an additional 29,587 shares during the period. Weiss Asset Management LP grew its stake in shares of Uber Technologies by 465.5% in the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock valued at $4,497,000 after buying an additional 51,465 shares during the period. Finally, Evercore Wealth Management LLC grew its stake in shares of Uber Technologies by 6.3% in the 1st quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock valued at $83,153,000 after buying an additional 68,433 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.