Canoe Financial LP Purchases 766,455 Shares of Uber Technologies, Inc. $UBER

Key Points

• Canoe Financial LP acquired 766,455 Uber shares in the third quarter, valued at approximately $52 million. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber’s CEO Dara Khosrowshahi purchased 141,000 shares worth about $10 million, while insider Jill Hazelbaker sold 28,170 shares. Insiders own 3.81% of the company.
• Analysts maintain a generally positive outlook, with Uber receiving a “Moderate Buy” consensus rating and an average price target of $103.11, though investors remain concerned about autonomous-vehicle costs, earnings quality, driver incentives and competition in food delivery.

Canoe Financial LP purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 766,455 shares of the ride-sharing company's stock, valued at approximately $52,027,000.

Several other large investors have also bought and sold shares of UBER. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies during the first quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in Uber Technologies during the second quarter worth about $28,000. Elevation Wealth Partners LLC boosted its holdings in Uber Technologies by 209.8% during the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 277 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Uber Technologies in the 2nd quarter worth about $29,000. Finally, Persistent Asset Partners Ltd bought a new stake in Uber Technologies in the 2nd quarter worth about $32,000. 80.24% of the stock is currently owned by institutional investors.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber’s push into artificial intelligence and autonomous vehicles could provide an early indication of how AI may improve marketplace efficiency and expand mobility demand. Its strategy of partnering with autonomous-vehicle developers could broaden the ride network without requiring Uber to build every driving system itself. Uber Offers Early Indicator of the AI Effect
• Positive Sentiment: Uber Advertising is expanding beyond its own applications through a partnership with TripleLift, using first-party mobility and delivery data to target users across the open web. The initiative could create an additional, higher-margin revenue stream. Uber Technologies Launches Offsite Advertising Using Its First Party Data
• Neutral Sentiment: Investors are assessing whether Uber’s autonomous-vehicle opportunity justifies increased capital commitments. The stock trades at a discount to the broader market on headline earnings multiples, but that discount may be less compelling after adjusting for a prior one-time tax benefit. Uber Trades at a Discount as Robotaxi Investments Grow
• Negative Sentiment: Concerns about the quality of Uber’s earnings and the cost of transitioning toward driverless vehicles may be limiting enthusiasm despite the stock’s apparently low valuation. What Are Uber Stock Bulls Not Worried About?
• Negative Sentiment: Uber is offering some drivers bonuses for completing additional rides or referring drivers ahead of the holiday season. While this may support ride availability, it could increase incentives and operating expenses. Uber Offers Drivers Bonuses
• Negative Sentiment: Competition in food delivery is also intensifying, with a new service offering in-store prices without menu markups, potentially pressuring Uber Eats’ pricing and profitability. New Food Delivery Service Challenges DoorDash and Uber Eats

Insider Activity

In related news, CEO Dara Khosrowshahi purchased 141,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was bought 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 directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This trade represents a 11.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the firm'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 transaction of $2,008,802.70. Following the sale, the insider 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research note on Monday, June 29th. Guggenheim restated a "buy" rating and issued a $125.00 target price on shares of Uber Technologies in a research note on Friday, October 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, October 12th. Barclays reduced their target price on Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Finally, Roth Capital decreased their price target on Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $103.11.

Uber Technologies Price Performance

UBER opened at $67.66 on Thursday. The firm has a market cap of $138.19 billion, a P/E ratio of 12.07, a PEG ratio of 5.89 and a beta of 1.27. The firm has a 50-day moving average of $72.60 and a 200 day moving average of $72.85. 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 fifty-two week low of $65.41 and a fifty-two week high of $100.35.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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 business 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 firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current year.

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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