Assenagon Asset Management S.A. Sells 66,912 Shares of Uber Technologies, Inc. $UBER

Key Points

• Assenagon Asset Management trimmed its stake in Uber by 2.8%, selling 66,912 shares and leaving it with 2,316,724 shares valued at about $189.3 million (≈0.11% of the company).
• Uber missed Q4 EPS expectations with $0.71 EPS versus a $0.79 consensus while reporting revenue of $14.37 billion (up 20.1% year-over-year), and set Q1 2026 EPS guidance of $0.65–$0.72.
• Strategically, Uber struck a major robotaxi deal with Rivian (potential investment up to $1.25 billion for 50,000 R2 robotaxis) and drew bullish AV forecasts from analysts, but that optimism is tempered by recent insider selling and sizable institutional reductions in Q4.

Assenagon Asset Management S.A. trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316,724 shares of the ride-sharing company's stock after selling 66,912 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Uber Technologies worth $189,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth about $25,000. Westend Capital Management LLC acquired a new position in Uber Technologies in the 3rd quarter valued at about $27,000. Kilter Group LLC acquired a new position in Uber Technologies in the 2nd quarter valued at about $26,000. Imprint Wealth LLC bought a new position in Uber Technologies in the 3rd quarter valued at about $32,000. Finally, Total Investment Management Inc. bought a new position in 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.

Uber Technologies Stock Up 1.7%

NYSE UBER opened at $75.12 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $154.61 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 6.77 and a beta of 1.22. The company has a 50 day moving average of $76.57 and a 200-day moving average of $85.71. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The company had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period in the prior year, the company earned $3.21 EPS. The company's quarterly revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UBER shares. Melius Research set a $73.00 price objective on Uber Technologies in a report on Monday, January 5th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, January 17th. Sanford C. Bernstein reissued an "outperform" rating on shares of Uber Technologies in a report on Thursday, December 18th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Thursday, February 5th. Finally, Canaccord Genuity Group set a $72.00 price objective on Uber Technologies in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $105.29.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Uber agreed to a major robotaxi tie-up with Rivian that includes a potential investment and a plan to deploy tens of thousands of R2 robotaxis — a deal investors view as accelerating Uber’s path to lower-cost, higher-margin autonomous rides and long-term TAM expansion. Uber to invest up to $1.25B in Rivian for 50,000 R2 robotaxis
• Positive Sentiment: Citi Research says Uber could become the largest autonomous-vehicle (AV) ride-sharing platform by 2029 — a bullish strategic view that supports premium multiple expansion if Uber successfully executes on its hybrid human+AV network. Uber leads rivals in race for global autonomous ride-sharing dominance by 2029 – Citi Research
• Positive Sentiment: Wall Street interest and analyst targets remain constructive (multiple buy/outperform notes and median price targets above current levels), reinforcing upside expectations tied to AV rollout and expansion into local commerce. Quiver Quant coverage (analyst/insider summary)
• Neutral Sentiment: Uber’s push beyond ride-hailing into local commerce and logistics is highlighted as a multi‑trillion‑dollar opportunity — strategic upside over time but not an immediate earnings catalyst. Uber Is Quietly Expanding Into a Multitrillion-Dollar Market
• Neutral Sentiment: High‑profile founder relocation stories (Travis Kalanick moving to Texas) generate headlines but have limited direct impact on Uber’s operations or fundamentals. Founder relocation story
• Negative Sentiment: Insider selling remains notable — the CEO and several executives have sold shares in recent months — which can signal profit-taking or reduce near-term investor confidence. Insider trading and compensation details
• Negative Sentiment: Large institutional reductions reported in Q4 (UBS AM, FMR, JPM among the biggest sellers) suggest some major holders are trimming exposure, which could cap upside or add selling pressure if trend continues. Institutional holdings changes

Insider Transactions at Uber Technologies

In other news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares of the company's stock, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.70% of the stock is currently owned by insiders.

Uber Technologies Company Profile

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.

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