Carnegie Investment Counsel Has $47.58 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Carnegie Investment Counsel increased its Uber stake by 13.2% in Q4 to 582,289 shares valued at about $47.58 million, making UBER its 24th-largest holding (~0.9% of assets).
• Analysts hold a consensus Moderate Buy with an average target near $105, reflecting upside expectations supported by AI compute moves and Eats expansion while the stock trades in the low $70s.
• Near-term headwinds include a Q4 EPS miss ($0.71 vs. $0.79) and ongoing FTC/regulatory scrutiny, though insider activity was mixed (CFO bought shares while another insider sold).

Carnegie Investment Counsel increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,289 shares of the ride-sharing company's stock after buying an additional 67,988 shares during the period. Uber Technologies accounts for approximately 0.9% of Carnegie Investment Counsel's holdings, making the stock its 24th biggest holding. Carnegie Investment Counsel's holdings in Uber Technologies were worth $47,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company's stock worth $18,695,502,000 after buying an additional 1,277,322 shares in the last quarter. Northern Trust Corp lifted its position in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock worth $1,911,301,000 after buying an additional 297,132 shares in the last quarter. Capital World Investors lifted its position in Uber Technologies by 1.1% during the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company's stock worth $1,667,121,000 after buying an additional 182,976 shares in the last quarter. Legal & General Group Plc lifted its position in Uber Technologies by 6.9% during the 3rd quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company's stock worth $1,311,457,000 after buying an additional 867,719 shares in the last quarter. Finally, Boston Partners lifted its position in Uber Technologies by 2.9% during the 3rd quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company's stock worth $923,919,000 after buying an additional 263,824 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBER. Canaccord Genuity Group set a $72.00 price target on shares of Uber Technologies in a research report on Thursday, February 5th. Melius Research set a $73.00 price target on shares of Uber Technologies in a research report on Monday, January 5th. Wolfe Research cut their target price on shares of Uber Technologies from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, January 5th. Mizuho cut their target price on shares of Uber Technologies from $130.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, February 5th. Finally, Truist Financial set a $108.00 price objective on shares of Uber Technologies in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.14.

Key Uber Technologies News

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

• Positive Sentiment: Wall Street price-target gap — several analysts still see significant upside (consensus ~ $103.58 vs. current levels), which supports buyer interest and frames recent weakness as a potential buying opportunity. Wall Street Sees 43% Upside in Uber (UBER)
• Positive Sentiment: AI/compute investment — Uber is moving AI training to Amazon’s Trainium chips to speed model training and lower costs, supporting product development (maps, dispatch, delivery matching) and long-term margin improvement. Uber turns to Amazon’s Trainium chips to speed AI training and compute
• Positive Sentiment: Analyst upgrades / earnings estimates tick up — Erste Group raised FY2026–FY2027 EPS forecasts modestly, which lends support to consensus upgrades and reinforces upside narratives. 3 Low-Rated Stocks With Big Price-Target Gaps (UBER)
• Positive Sentiment: Business expansion — Uber Eats expanding beyond food (non-food deliveries) and participation in robotaxi initiatives (Europe pilot with Pony.ai/Verne) suggest new revenue streams and optionality over time. Uber Eats will now deliver more than just food to you Pony.ai, Uber, Verne to launch Europe’s first commercial robotaxi service
• Neutral Sentiment: Vehicle autonomy tests — Uber is testing driverless Volkswagen ID. Buzz vans in LA; positives for tech leadership but execution, regulation and capex remain uncertain. Uber Is Testing Driverless Volkswagen ID. Buzz Vans in Los Angeles
• Neutral Sentiment: Local PR/operational risk — repeated attacks on Uber Eats delivery robots (Philadelphia coverage) raise short-term operational/PR issues for autonomous delivery pilots but are unlikely to move core revenue immediately. Why do people kick Uber Eats robots? What’s motivating Philadelphians to attack autonomous tech
• Negative Sentiment: Regulatory/legal pressure — Uber is defending subscription-service charges in an FTC action, which raises regulatory risk and potential fines or changes to pricing/terms. That uncertainty can weigh on multiples. Uber defends subscription service charges against FTC
• Negative Sentiment: Recent earnings miss and mixed sentiment — Q4 adjusted EPS missed estimates ($0.71 vs $0.79) despite a modest revenue beat; social/analyst debate plus notable institutional selling and insider activity add near-term downside pressure. Uber Stock (UBER) Opinions on Recent Earnings Report

Uber Technologies Trading Down 1.7%

Shares of NYSE UBER opened at $70.55 on Friday. The company's 50 day simple moving average is $73.35 and its 200 day simple moving average is $83.49. Uber Technologies, Inc. has a fifty-two week low of $68.46 and a fifty-two week high of $101.99. The firm has a market capitalization of $144.14 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14.

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

Insider Activity at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the sale, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by corporate insiders.

About Uber Technologies

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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