Hedeker Wealth LLC Decreases Holdings in Uber Technologies, Inc. $UBER

Key Points

• Hedeker Wealth LLC cut its Uber stake by 29% in the second quarter, selling 19,507 shares and retaining 47,733 shares valued at approximately $3.44 million.
• Institutional ownership remains high at 80.24%, with major investors including California State Teachers Retirement System, Capital Research Global Investors, and the Public Investment Fund holding or adding substantial positions.
• Uber reported quarterly EPS of $0.81, slightly ahead of estimates, while revenue rose 12.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $104.49, and an insider separately purchased 70,000 shares worth about $5.3 million.

Hedeker Wealth LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,733 shares of the ride-sharing company's stock after selling 19,507 shares during the quarter. Hedeker Wealth LLC's holdings in Uber Technologies were worth $3,444,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. California State Teachers Retirement System lifted its stake in Uber Technologies by 6,342.7% during the second quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company's stock worth $14,395,651,000 after purchasing an additional 196,399,787 shares during the last quarter. Capital Research Global Investors increased its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company's stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Public Investment Fund purchased a new position in Uber Technologies in the second quarter valued at approximately $5,256,173,439. Geode Capital Management LLC raised its holdings in Uber Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company's stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares in the last quarter. Finally, Norges Bank acquired a new stake in Uber Technologies during the fourth quarter worth approximately $2,515,094,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER opened at $73.06 on Wednesday. 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 $101.99. The firm has a 50-day simple moving average of $74.07 and a 200-day simple moving average of $73.64. The company has a market capitalization of $149.22 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 6.00 and a beta of 1.16.

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 return on equity of 43.36% and a net margin of 17.34%.The company had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. During the same period last year, the firm earned $0.60 EPS. The firm'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. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 3.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research analyst reports. The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a report on Monday, June 29th. Guggenheim reissued a "buy" rating on shares of Uber Technologies in a research report on Thursday, September 3rd. Weiss Ratings upgraded shares of Uber Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Uber Technologies in a report on Wednesday, September 2nd. Finally, Barclays cut their target price on Uber Technologies from $107.00 to $106.00 and set an "overweight" 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-four have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.49.

Insider Activity at Uber Technologies

In other news, insider Andrew Macdonald bought 70,000 shares of the stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the acquisition, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.81% of the company's stock.

Uber Technologies News Summary

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

• Positive Sentiment: Chief Executive Andrew Macdonald purchased 70,000 UBER shares for approximately $5.3 million, increasing his direct ownership by nearly 20%. The sizable insider purchase may signal confidence that the stock is undervalued following its recent weakness. Uber insider purchase filing
• Positive Sentiment: Wedbush reaffirmed its “outperform” rating and maintained a $91 price target, implying substantial upside from current levels. The firm’s view provides support for Uber’s earnings, cash-flow generation and long-term growth outlook.
• Positive Sentiment: Uber and Wayve launched supervised autonomous rides in London with Ford. The partnership reinforces Uber’s strategy of providing robotaxi distribution and demand while avoiding the capital burden of designing and manufacturing its own vehicles. Uber Wayve autonomous rides article
• Neutral Sentiment: Reports highlighted Uber’s stronger profitability and more than $10 billion in free cash flow, but questioned why the stock has not responded. Investors appear to be weighing those fundamentals against the risk that autonomous vehicles could eventually weaken Uber’s role in the mobility ecosystem. Uber fundamentals and valuation article
• Neutral Sentiment: Uber is reportedly moving closer to a potential Delivery Hero acquisition and has tapped European debt markets with its first-ever euro bond offering. The initiatives could expand delivery and international reach, but also raise leverage and execution concerns.
• Negative Sentiment: Tesla’s Cybercab entering commercial robotaxi service intensified fears that Tesla could challenge Uber’s core ride-hailing marketplace and capture autonomous-ride economics. Tesla’s progress was viewed as a key reason mobility stocks moved in opposite directions. Tesla Cybercab threat article
• Negative Sentiment: Uber plans to exit operations in Nigeria and Uganda and cut roughly 10% of its workforce. Although the moves may reduce costs, they signal near-term restructuring and could raise concerns about international growth and demand.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

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