Congress Asset Management Co. Sells 1,337,535 Shares of Uber Technologies, Inc. $UBER

Key Points

• Congress Asset Management Co. reduced its Uber position by 99.7%, selling 1,337,535 shares and retaining just 4,291 shares worth approximately $294,000.
• Other major investors established sizable Uber positions in the second quarter, while institutional investors and hedge funds collectively owned 80.24% of the company.
• Uber reported quarterly EPS of $0.81, slightly exceeding estimates, with revenue rising 12.2% year over year to $14.19 billion. Analysts maintained a broadly positive view, with a “Moderate Buy” consensus rating and an average price target of $103.11.

Congress Asset Management Co. lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 99.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,291 shares of the ride-sharing company's stock after selling 1,337,535 shares during the quarter. Congress Asset Management Co.'s holdings in Uber Technologies were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Public Investment Fund purchased a new stake in Uber Technologies in the 2nd quarter valued at $5,256,173,439. Legal & General Group Plc purchased a new position in Uber Technologies during the 2nd quarter worth $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Uber Technologies in the second quarter valued at $752,151,000. Fundsmith LLP purchased a new stake in shares of Uber Technologies in the second quarter valued at about $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Uber Technologies during the second quarter worth about $426,727,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber agreed to acquire ezCater for approximately $2.3 billion in cash. The deal would give Uber Eats access to ezCater’s network of more than 140,000 restaurants and strengthen its position in workplace catering and Uber for Business. Analysts believe the acquisition could increase high-value orders, bookings and long-term delivery growth. Uber to Expand Food Delivery Reach Via ezCater Buy
• Positive Sentiment: Uber and Pony.ai are advancing plans to test robotaxis in London. Testing of Pony.ai’s Gen-7 autonomous vehicles is expected to begin within weeks, supporting Uber’s goal of expanding autonomous ride-hailing across as many as 15 cities by the end of 2026. The partnership gives Uber exposure to the potentially fast-growing robotaxi market without having to develop all of the technology internally. Uber and Pony.ai plan to launch robotaxis in London
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and maintained a $100 price target, implying substantial potential upside from recent trading levels. Uber’s recent earnings also modestly exceeded consensus profit expectations, while revenue grew year over year.
• Neutral Sentiment: Investor commentary highlighted strong bookings and operational growth, but described Uber’s outlook as tempered by soft guidance. The market is weighing whether continued growth can offset rising investment needs in delivery, autonomous vehicles and acquisitions.
• Negative Sentiment: The ezCater transaction has drawn criticism from some retail investors, who question whether Uber is paying too much and whether acquisitions are preferable to building capabilities internally. Paying cash also reduces financial flexibility, while broader plans involving Delivery Hero could significantly increase the overall acquisition commitment.
• Negative Sentiment: Reports that riders are paying more while waiting longer could pressure customer satisfaction and demand. Uber also settled another bellwether sexual-assault lawsuit, adding to the company’s ongoing legal and reputational risks.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $70.25 on Friday. The firm has a market capitalization of $143.48 billion, a P/E ratio of 15.44, a PEG ratio of 5.57 and a beta of 1.27. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $100.35. The company's fifty day moving average is $73.15 and its two-hundred day moving average is $72.95. 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter last year, the firm posted $0.60 EPS. The business's revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts forecast that Uber Technologies, Inc. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Scotiabank began coverage on Uber Technologies in a research report on Wednesday, September 9th. They issued a "sector outperform" rating and a $100.00 price target on the stock. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Tuesday, September 8th. Guggenheim reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, September 3rd. BMO Capital Markets set a $119.00 target price on Uber Technologies in a report on Thursday, September 3rd. Finally, DA Davidson cut their price target on Uber Technologies from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.11.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the sale, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Macdonald purchased 70,000 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were purchased at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the purchase, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. This represents a 19.65% 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 company insiders.

Uber Technologies Company 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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