Pacific Heights Asset Management LLC Has $25.47 Million Stock Holdings in Uber Technologies, Inc. $UBER

Pacific Heights Asset Management LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 18.2% in the third quarter, Holdings Channel.com reports. The firm owned 260,000 shares of the ride-sharing company’s stock after purchasing an additional 40,000 shares during the quarter. Uber Technologies makes up 1.1% of Pacific Heights Asset Management LLC’s holdings, making the stock its 19th largest holding. Pacific Heights Asset Management LLC’s holdings in Uber Technologies were worth $25,472,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Kilter Group LLC acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Total Investment Management Inc. bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $32,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Key Uber Technologies News

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

• Positive Sentiment: Morgan Stanley reiterates a Buy and a $110 price target, arguing the market is undervaluing Uber’s core mobility business — a vote of confidence from a major sell‑side shop that can support the stock. Market is Undervaluing Uber Technologies (InsiderMonkey)
• Positive Sentiment: Uber expanded retail reach by adding ~2,700 Kroger stores to Uber Eats/Postmates, which should boost delivery volume and take rates over time. Where is Uber Technologies (InsiderMonkey)
• Positive Sentiment: Multiple analysts issued bullish rating updates this week, supporting near‑term optimism and likely contributing to upward share pressure. Uber receives bullish rating updates from analysts (MSN)
• Neutral Sentiment: Analyst pieces explore what would need to go right for Uber to double from here — useful roadmaps (margin expansion, ad/food growth, international scale) but speculative and long‑dated. What Would Have to Go Right for Uber Stock to Double (Yahoo)
• Neutral Sentiment: Roundups on where Uber is headed reiterate core growth drivers (mobility, delivery, partnerships) and hedge‑fund interest — informative but not immediate catalysts. Where is Uber Technologies (Yahoo)
• Negative Sentiment: Uber faces a critical Phoenix trial amid thousands of pending sexual assault claims — a major legal overhang that can increase litigation costs and reputational risk. Uber confronts critical Phoenix trial (Yahoo)
• Negative Sentiment: Consumer complaints about ride rejections for service‑dog users highlight operational and regulatory risk that could spur fines or new rules. Uber called out by service dog users (CBC)
• Negative Sentiment: A Grab‑backed rental startup in Las Vegas is promoting tele‑operated cars at ~50% lower costs than Uber — an emerging competitive threat in on‑demand ground transport. Rental startup embraces tele‑operated cars (Benzinga)
• Negative Sentiment: Uber is lobbying in California to change rules around lawyer fees in personal injury suits — highlights ongoing legal/regulatory friction that could signal higher litigation focus and PR risk. Uber pushes for law to limit lawyer fees (LA Times)

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, January 7th. Finally, BNP Paribas Exane started coverage on shares of Uber Technologies in a research report on Wednesday, January 14th. They set an “outperform” rating and a $108.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.18.

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 11,750 shares of company stock valued at $1,058,193. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $84.90 on Tuesday. The company’s 50-day moving average is $85.41 and its 200-day moving average is $91.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $176.41 billion, a PE ratio of 10.91 and a beta of 1.20. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $1.20 EPS. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.