Parallel Advisors LLC Sells 7,349 Shares of Uber Technologies, Inc. $UBER

Posted by Geri Gentry on Nov 7th, 2026

Parallel Advisors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 242,748 shares of the ride-sharing company’s stock after selling 7,349 shares during the period. Parallel Advisors LLC’s holdings in Uber Technologies were worth $16,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Avion Wealth lifted its position in Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock worth $70,000 after buying an additional 145 shares during the last quarter. Frazier Financial Advisors LLC grew its holdings in Uber Technologies by 8.5% during the 1st quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company’s stock valued at $140,000 after purchasing an additional 152 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Uber Technologies by 10.6% during the 2nd quarter. Cornerstone Planning Group LLC now owns 1,624 shares of the ride-sharing company’s stock valued at $114,000 after purchasing an additional 155 shares during the last quarter. CFS Investment Advisory Services LLC raised its position in Uber Technologies by 6.1% in the 1st quarter. CFS Investment Advisory Services LLC now owns 2,733 shares of the ride-sharing company’s stock worth $211,000 after purchasing an additional 156 shares during the period. Finally, Canopy Partners LLC raised its position in Uber Technologies by 1.8% in the 3rd quarter. Canopy Partners LLC now owns 8,605 shares of the ride-sharing company’s stock worth $590,000 after purchasing an additional 156 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, insider Andrew Macdonald purchased 70,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This represents a 19.65% increase 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, CEO Dara Khosrowshahi purchased 141,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the purchase, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This trade represents a 11.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by company insiders.

More Uber Technologies News

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Scotiabank initiated coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 target price for the company. Barclays reduced their price target on Uber Technologies from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday. BNP Paribas Exane decreased their price target on Uber Technologies from $108.00 to $106.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a report on Wednesday, October 7th. Finally, Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, forty-four have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.82.

View Our Latest Analysis on Uber Technologies

Uber Technologies Trading Down 0.2%

Uber Technologies stock traded down $0.15 during trading hours on Friday, hitting $68.63. The company had a trading volume of 18,272,398 shares, compared to its average volume of 16,264,552. The firm has a market cap of $140.18 billion, a P/E ratio of 40.61, a P/E/G ratio of 6.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a 1 year low of $64.04 and a 1 year high of $95.18. The company has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $73.03.

Uber Technologies (NYSE:UBER – Get Free Report) last issued its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $14.77 billion for the quarter, compared to the consensus estimate of $14.66 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.14 earnings per share for the current year.

Uber Technologies Profile

(Free Report)

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.