382,358 Uber Technologies, Inc. $UBER Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd cut its Uber stake by 52.7% in the third quarter, selling 382,358 shares and retaining 343,500 shares valued at approximately $23.5 million. Institutional investors collectively own 80.24% of Uber.
• Analysts remain broadly optimistic, with Uber carrying a “Moderate Buy” consensus rating and an average price target of $103.11 versus a recent share price of $71.49.
• Uber is expanding its delivery business through a Sur La Table partnership and a planned $2.3 billion ezCater acquisition, while investors await its November 4 earnings report and monitor risks including a proposed Uber One class-action lawsuit and exits from four African markets.

Perpetual Ltd lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 52.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,500 shares of the ride-sharing company's stock after selling 382,358 shares during the quarter. Perpetual Ltd's holdings in Uber Technologies were worth $23,533,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Public Investment Fund purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $5,256,173,439. Legal & General Group Plc acquired a new stake in shares of Uber Technologies in the second quarter worth approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies in the second quarter valued at approximately $752,151,000. Fundsmith LLP purchased a new stake in Uber Technologies in the second quarter valued at approximately $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Uber Technologies in the second quarter valued at approximately $426,727,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Analysts remain constructive on Uber Technologies. The stock has an average analyst price target of $103.11, implying substantial upside from recent levels. Cantor Fitzgerald also reaffirmed its “Overweight” rating and set a $90 price target. Uber average price target Cantor Fitzgerald rating
• Positive Sentiment: Uber is expanding Uber Eats beyond restaurants. A nationwide partnership with premium kitchenware retailer Sur La Table will offer delivery in as little as 25 minutes, potentially increasing retail order volume and strengthening Uber Eats’ position in rapidly growing local commerce. Sur La Table joins Uber Eats
• Positive Sentiment: The company is also pursuing faster delivery growth through its planned $2.3 billion all-cash acquisition of ezCater, a U.S. corporate-catering platform. The deal could broaden Uber’s delivery ecosystem and diversify revenue, although investors are evaluating whether the expansion can generate sufficient cash flow. Uber ezCater acquisition
• Neutral Sentiment: Investors are looking ahead to Uber’s November 4 earnings report. Analysts expect strong third-quarter earnings growth, but the company will need to demonstrate continued profitability and cash-flow generation to justify its delivery investments. Uber third-quarter earnings outlook
• Negative Sentiment: Uber faces a proposed class-action lawsuit alleging that some users were enrolled in recurring Uber One subscriptions without clear consent and faced difficult cancellation procedures. Potential legal costs, refunds or reputational damage could weigh on the company if the claims advance. Uber One lawsuit
• Negative Sentiment: Uber reportedly exited four African markets after competitors undercut fares, highlighting the difficulty of maintaining profitability in price-sensitive international markets and potentially limiting long-term growth in those regions. Uber exits African markets

Uber Technologies Stock Performance

NYSE UBER opened at $71.49 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $100.35. The firm has a market capitalization of $146.01 billion, a P/E ratio of 15.71, a P/E/G ratio of 5.82 and a beta of 1.27. The business's 50-day simple moving average is $73.17 and its 200-day simple moving average is $72.92.

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, topping analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was bought 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 directly owned 1,367,100 shares in the company, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Macdonald acquired 70,000 shares of the company's stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider directly owned 426,320 shares of the company's stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBER shares. Susquehanna cut their price target on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Thursday, August 6th. Barclays decreased their price target on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. DA Davidson lowered their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. Finally, BMO Capital Markets set a $119.00 price objective on Uber Technologies in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $103.11.

Uber Technologies Profile

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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