Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s share price dropped 2.2% during mid-day trading on Monday. The stock traded as low as $67.73 and last traded at $68.1160. 16,612,398 shares changed hands during trading, a decline of 14% from the average session volume of 19,251,844 shares. The stock had previously closed at $69.62.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on UBER shares. Barclays dropped their target price on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 21st. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Bank of America reduced their price objective on Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Evercore reissued an “outperform” rating and set a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.03.
Check Out Our Latest Report on Uber Technologies
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts expect that Uber Technologies, Inc. will post 3.35 earnings per share for the current fiscal year.
Insider Buying and Selling at Uber Technologies
In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the acquisition, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies 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 completion of the transaction, the insider directly owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.81% of the company’s stock.
Hedge Funds Weigh In On Uber Technologies
A number of institutional investors have recently modified their holdings of UBER. QRG Capital Management Inc. grew its stake in shares of Uber Technologies by 6.7% during the second quarter. QRG Capital Management Inc. now owns 355,500 shares of the ride-sharing company’s stock valued at $25,653,000 after purchasing an additional 22,320 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Uber Technologies by 5.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 115,565 shares of the ride-sharing company’s stock valued at $8,332,000 after buying an additional 5,517 shares during the period. Wellington Altus USA Inc. lifted its stake in shares of Uber Technologies by 65.0% during the second quarter. Wellington Altus USA Inc. now owns 2,039 shares of the ride-sharing company’s stock valued at $147,000 after acquiring an additional 803 shares during the period. Anchor Investment Management LLC lifted its stake in shares of Uber Technologies by 57.2% during the second quarter. Anchor Investment Management LLC now owns 16,339 shares of the ride-sharing company’s stock valued at $1,179,000 after acquiring an additional 5,943 shares during the period. Finally, Marathon Wealth Advisors LLC boosted its holdings in Uber Technologies by 0.7% in the second quarter. Marathon Wealth Advisors LLC now owns 28,249 shares of the ride-sharing company’s stock valued at $2,038,000 after acquiring an additional 203 shares during the last quarter. 80.24% of the stock is owned by institutional investors.
About Uber Technologies
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
Featured Articles
- Five stocks we like better than Uber Technologies
- Up All Night: How Nasdaq’s 23-Hour Trading Could Wake Up Wall Street
- 4 Stocks That Could Split Next—and Why Investors Are Watching
- Oura’s IPO Freeze Isn’t the Warning Sign It Looks Like
- Bitcoin Is Bouncing Back—Here are 2 Ways to Play the Rebound
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
