Generali Asset Management SPA SGR Sells 15,371 Shares of Uber Technologies, Inc. $UBER

Key Points

• Generali Asset Management reduced its Uber stake by 14%, selling 15,371 shares and retaining 94,505 shares valued at approximately $6.5 million. Institutional investors and hedge funds collectively own 80.24% of Uber.
• Uber shares opened at $65.25, near their 12-month low of $64.69 and below both the 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.81, slightly ahead of estimates, while revenue rose 12.2% year over year to $14.19 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $102.97. CEO Dara Khosrowshahi also bought 141,000 shares worth about $10 million, although investors remain focused on autonomous-vehicle competition, regulatory scrutiny and potential earnings pressure.

Generali Asset Management SPA SGR lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 94,505 shares of the ride-sharing company's stock after selling 15,371 shares during the period. Generali Asset Management SPA SGR's holdings in Uber Technologies were worth $6,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dunhill Financial LLC purchased a new position in shares of Uber Technologies in the second quarter worth about $28,000. Elevation Wealth Partners LLC boosted its position 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 acquiring an additional 277 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Uber Technologies during the second quarter worth about $29,000. Balance Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at about $29,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Uber Technologies during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.8%

NYSE UBER opened at $65.25 on Thursday. The firm's 50-day moving average is $71.72 and its two-hundred day moving average is $73.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a 12 month low of $64.69 and a 12 month high of $100.35. The stock has a market capitalization of $133.27 billion, a P/E ratio of 14.34, a PEG ratio of 5.70 and a beta of 1.27.

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 for the quarter, topping 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 firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same quarter last year, the company posted $0.60 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wedbush reiterated an "outperform" rating and issued a $91.00 price objective on shares of Uber Technologies in a report on Tuesday, September 8th. Wells Fargo & Company boosted their target price on Uber Technologies from $89.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, October 5th. BMO Capital Markets set a $119.00 price target on Uber Technologies in a report on Thursday, September 3rd. Bank of America cut their price target on Uber Technologies from $104.00 to $103.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Finally, DA Davidson reduced their price objective on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $102.97.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Some analysts view Uber as undervalued after its recent pullback, arguing that its earnings growth, improving profitability and long-term business prospects may not be fully reflected in the stock price. Uber Stock Looks Undervalued Despite Recent Business Uncertainty
• Positive Sentiment: Uber Eats is expanding its grocery-delivery network through an agreement with Key Food Stores, adding roughly 300 stores and strengthening Uber’s position in local grocery delivery. Uber Eats Adds Key Food Grocery Stores
• Positive Sentiment: Uber’s decision to walk away from reported talks to acquire Instacart could reduce merger costs, integration risk and regulatory exposure, although it leaves DoorDash as the likely buyer. Uber Walking Away From Instacart Was The Right Call
• Neutral Sentiment: Bank of America expects third-quarter gross bookings to be broadly in line with Wall Street forecasts. Investor attention is likely to focus less on the quarter itself and more on Uber’s autonomous-vehicle partnerships and supply pipeline. Uber Poised for In-Line Quarterly Gross Bookings
• Neutral Sentiment: The Federal Trade Commission ordered Uber to provide information on personalized pricing and worker compensation practices. The request is part of a broad Section 6(b) study, not an allegation of wrongdoing, but it could increase compliance costs or future regulatory risk. FTC Demands Data on Personalized Pricing
• Negative Sentiment: Several earnings previews anticipate a decline in third-quarter EPS and question whether Uber has the catalysts needed to exceed expectations, raising the risk of further pressure if guidance disappoints. Uber Q3 Earnings Expected to Decline
• Negative Sentiment: Persistent concerns about robotaxis and autonomous-vehicle competition are weighing on sentiment, with investors seeking evidence that Uber can secure sufficient AV capacity and defend its marketplace position. Uber Faces Investor Questions on Autonomous Vehicles
• Negative Sentiment: Reported advanced talks for DoorDash to acquire Instacart for approximately $17 billion have intensified competitive concerns in grocery and delivery, potentially creating a larger rival to Uber Eats. DoorDash-Instacart Talks Put Competition in Focus

Insider Activity

In other news, CEO Dara Khosrowshahi bought 141,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the purchase, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. The trade was a 11.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction dated 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 in the company, 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.

Uber Technologies Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.