186,352 Uber Technologies, Inc. $UBER Shares Purchased by Cacti Asset Management LLC

Key Points

• Cacti Asset Management increased its Uber stake by 77.4% in the third quarter, purchasing 186,352 additional shares and bringing its holdings to 427,036 shares valued at approximately $29.6 million.
• Uber shares fell 1.6% to $67.41, near the lower end of their 52-week range. Despite the decline, analysts maintain a “Moderate Buy” consensus rating with an average price target of $103.03.
• Uber insiders also made significant purchases, including CEO Dara Khosrowshahi’s acquisition of 141,000 shares and insider Andrew Macdonald’s purchase of 70,000 shares.

Cacti Asset Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 77.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 427,036 shares of the ride-sharing company's stock after purchasing an additional 186,352 shares during the period. Uber Technologies makes up about 1.6% of Cacti Asset Management LLC's holdings, making the stock its 19th biggest position. Cacti Asset Management LLC's holdings in Uber Technologies were worth $29,619,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of 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 position in shares of Uber Technologies by 23.7% during 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 acquiring an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Uber Technologies by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company's stock worth $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Weiss Asset Management LP grew its holdings in shares of Uber Technologies by 465.5% during the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company's stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $17,336,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBER. Jefferies Financial Group lifted their target price on shares of Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Cantor Fitzgerald lowered their price objective on shares of Uber Technologies from $98.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Susquehanna dropped their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a report on Thursday, August 6th. Tigress Financial upped their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. Finally, Citigroup reissued a "buy" rating on shares of Uber Technologies in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.03.

Uber Technologies Trading Down 1.6%

Shares of UBER traded down $1.10 during trading hours on Thursday, hitting $67.41. The company had a trading volume of 7,460,286 shares, compared to its average volume of 19,155,756. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock's 50 day moving average price is $73.20 and its 200 day moving average price is $73.23. The firm has a market cap of $137.68 billion, a P/E ratio of 14.81, a P/E/G ratio of 5.65 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 43.36% and a net margin of 17.34%.Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Andrew Macdonald bought 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The shares were purchased 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the purchase, the chief executive officer owned 1,367,100 shares of the company's stock, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.81% of the company's stock.

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.

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