Harold Davidson & Associates Inc. Purchases New Holdings in Uber Technologies, Inc. $UBER

Key Points

• Harold Davidson & Associates acquired 21,352 Uber shares in the third quarter, worth approximately $1.46 million and representing about 0.6% of its portfolio. Institutional investors collectively own 80.24% of Uber.
• Analysts remain broadly bullish: Uber has a “Moderate Buy” consensus rating and an average price target of $102.86, while UBS maintained a Buy rating despite lowering its target to $106.
• Uber faces mixed near-term signals ahead of earnings. Revenue growth and cash flow expectations remain supportive, but the stock is trading below key moving averages and analysts expect third-quarter EPS of about $0.86, below the unusually high year-ago result.

Harold Davidson & Associates Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,352 shares of the ride-sharing company's stock, valued at approximately $1,463,000. Uber Technologies accounts for about 0.6% of Harold Davidson & Associates Inc.'s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Public Investment Fund bought a new position in shares of Uber Technologies during the 2nd quarter worth $5,256,173,439. Legal & General Group Plc purchased a new stake in Uber Technologies in the second quarter worth about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Uber Technologies during the 2nd quarter worth about $752,151,000. Fundsmith LLP bought a new position in Uber Technologies during the 2nd quarter worth about $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Uber Technologies during the 2nd quarter worth about $426,727,000. 80.24% of the stock is currently owned by institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: UBS maintains a Buy rating. UBS lowered its price target to $106 from $110, but the revised target still implies approximately 59% upside from the referenced share price. The continuing Buy recommendation signals confidence in Uber’s long-term growth, cash generation and competitive position. UBS Adjusts Price Target on Uber Technologies to $106 From $110, Keeps Buy Rating
• Positive Sentiment: Wall Street still sees substantial upside ahead of earnings. Analysts broadly expect continued revenue growth and remain constructive on Uber’s cash flow and market position, with consensus estimates suggesting roughly 58% upside. Uber Heads Into Q3 With Wall Street Seeing 58% Upside
• Positive Sentiment: Uber is expanding its financial-services capabilities. A pilot involving Uber, HSBC, Franklin Templeton, Tradeweb and Fireblocks demonstrated around-the-clock enterprise treasury and embedded-finance applications. The initiative could create longer-term strategic value, although it is not yet a major earnings driver. Uber Helped Scale Embedded Finance
• Neutral Sentiment: Earnings expectations are mixed. Analysts reportedly expect third-quarter earnings of about $0.86 per share, broadly consistent with Uber’s $0.84–$0.88 guidance, but well below the unusually high $3.11 reported a year earlier. Revenue growth and the company’s outlook will likely be more important than the year-over-year EPS comparison. UBER Stock Forecast Ahead of Q3 Earnings
• Negative Sentiment: Technical performance remains weak ahead of the report. Uber has been underperforming before earnings and is trading below its key moving averages, increasing the risk of volatility if results or guidance disappoint. Uber Stock Underperforming Ahead of Earnings

Uber Technologies Stock Up 2.1%

Shares of UBER stock opened at $66.62 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $64.04 and a fifty-two week high of $100.35. The firm has a market capitalization of $136.07 billion, a PE ratio of 14.64, a P/E/G ratio of 5.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The stock's 50-day simple moving average is $70.96 and its 200-day simple moving average is $73.34.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Uber Technologies's revenue for the quarter was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts expect that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $89.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, October 5th. Mizuho set a $112.00 target price on Uber Technologies in a report on Thursday, August 6th. Scotiabank began coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a "sector outperform" rating and a $100.00 target price on the stock. TD Cowen reiterated a "buy" rating and issued a $118.00 price target on shares of Uber Technologies in a report on Thursday, July 16th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.86.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi purchased 141,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider owned 149,525 shares in the company, valued at $10,662,627.75. This trade represents a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.