Asset Management One Co. Ltd. Sells 27,341 Shares of Uber Technologies, Inc. $UBER

Key Points

• Asset Management One reduced its Uber stake by 3.3%, selling 27,341 shares and retaining 813,648 shares valued at approximately $55.7 million. Institutional investors and hedge funds collectively own 80.24% of Uber.
• Analyst sentiment remains positive: Uber has a consensus “Moderate Buy” rating and an average price target of $103.11, despite several recent target reductions and increases.
• Uber shares opened at $65.89, near their 52-week low of $65.41. In its latest quarter, the company reported $0.81 in adjusted earnings per share, slightly exceeding estimates, while revenue rose 12.2% year over year to $14.19 billion.

Asset Management One Co. Ltd. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 813,648 shares of the ride-sharing company's stock after selling 27,341 shares during the period. Asset Management One Co. Ltd.'s holdings in Uber Technologies were worth $55,743,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BIP Wealth LLC acquired a new position in shares of Uber Technologies in the second quarter valued at about $1,033,000. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company's stock worth $370,641,000 after purchasing an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Uber Technologies by 6.1% in 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 during the last quarter. Weiss Asset Management LP lifted 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 during the period. Finally, Evercore Wealth Management LLC lifted its holdings in shares of Uber Technologies by 6.3% during the first quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company's stock worth $83,153,000 after purchasing an additional 68,433 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Andrew Macdonald acquired 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider directly owned 149,525 shares of the company's stock, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on UBER. Bank of America dropped their target price on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Roth Capital reduced their price target on shares of Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, August 10th. BMO Capital Markets set a $119.00 price target on shares of Uber Technologies in a research report on Thursday, September 3rd. Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Susquehanna decreased their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Thursday, August 6th. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.11.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $65.89 on Wednesday. The company has a market capitalization of $134.58 billion, a PE ratio of 14.48 and a beta of 1.27. The company's fifty day moving average price is $71.91 and its 200 day moving average price is $73.75. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $100.35.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current year.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber Eats expanded its grocery network. Key Food Stores Co-Op is joining Uber Eats, increasing access to local grocery delivery and potentially supporting order growth and marketplace reach. Key Food Stores Co-Op Joins Uber Eats
• Positive Sentiment: Analyst sentiment and insider-adjacent buying remain supportive. Wall Street analysts reportedly continue to rate Uber as a “Buy,” while investor Jason Calacanis disclosed a roughly $975,000 Uber position and a $120 price target. These reports may reinforce bullish expectations, although they are not company guidance. Wall Street Analysts See Uber as a Buy
• Neutral Sentiment: Uber’s decision not to pursue Instacart may limit acquisition risk. DoorDash is reportedly in advanced talks to acquire Instacart parent Maplebear for approximately $17 billion. Some analysis views Uber’s withdrawal as financially disciplined, avoiding a costly deal, though the transaction could strengthen a major rival in grocery and food delivery. Uber Walking Away From Instacart Was the Right Call
• Negative Sentiment: Potential DoorDash-Instacart combination is the main overhang. A combined DoorDash and Instacart could create a larger competing platform in restaurant, grocery and convenience delivery, increasing pressure on Uber Eats’ market share, pricing and customer-acquisition costs ahead of earnings. What Is Going On With Uber Stock on Tuesday?
• Negative Sentiment: Driver and legal issues add reputational risk. Reports that French drivers found ways to manipulate Uber’s algorithm could raise questions about pricing controls and driver economics. Separately, Uber is defending a negligent-hiring lawsuit, creating potential litigation and reputation costs. French Uber Drivers Found a Way to Beat the Algorithm

About Uber Technologies

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber's Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.

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