Hudson Bay Capital Management LP Decreases Stake in Uber Technologies, Inc. $UBER

Key Points

• Hudson Bay Capital Management LP cut its stake in Uber by 62.6% in Q3, selling 95,859 shares and leaving it with 57,384 shares valued at about $5.62 million.
• Uber struck a major strategic move with an agreement to invest up to $1.25 billion and commit to buying/operating thousands of Rivian robotaxis (initial deployments targeted for 2028), a potentially high‑margin AV push that has generated both bullish enthusiasm and skepticism over timing and contingencies.
• Insider activity included CFO Balaji Krishnamurthy purchasing 22,453 shares at about $71.25 (~$1.6 million), while institutional investors collectively own roughly 80.24% of the stock.

Hudson Bay Capital Management LP lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 62.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,384 shares of the ride-sharing company's stock after selling 95,859 shares during the quarter. Hudson Bay Capital Management LP's holdings in Uber Technologies were worth $5,622,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UBER. Vanguard Group Inc. grew its stake 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 valued at $18,695,502,000 after acquiring an additional 1,277,322 shares in the last quarter. Norges Bank acquired a new stake in Uber Technologies in the 2nd quarter valued at about $2,348,319,000. Northern Trust Corp lifted its stake in Uber Technologies by 1.5% in 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 purchasing an additional 297,132 shares in the last quarter. Capital World Investors lifted its stake in Uber Technologies by 1.1% in 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 purchasing an additional 182,976 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Uber Technologies by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,810,255 shares of the ride-sharing company's stock worth $1,288,497,000 after purchasing an additional 142,933 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Major Rivian robotaxi partnership — Uber agreed to invest up to $1.25B and commit to buying/operating thousands of Rivian R2 autonomous vehicles (initial deployments targeted for 2028), a concrete step toward a higher‑margin AV future. Uber to invest up to $1.25 billion in Rivian as part of robotaxi deal
• Positive Sentiment: NVIDIA tie‑ups and positive coverage amplified bullish momentum — media and commentators (including Jim Cramer) highlighted Uber’s expanded AV roadmap with Nvidia, reinforcing the narrative of scaled AV partnerships and potential long‑term upside. Jim Cramer Explains Why “Uber Stock Caught Fire Earlier This Week”
• Positive Sentiment: Analyst support — firms (e.g., BTIG reaffirm) continue to back Uber, providing a bullish analyst backdrop that can stabilize sentiment after volatile moves. BTIG Research Reaffirms "Buy" Rating for Uber Technologies NYSE: UBER
• Neutral Sentiment: Operational progress is visible but early — pilots (Motional, other partners) and roadmap milestones signal execution, yet revenue/timeframe impact remains distant. Is Uber's Mega Deal With Rivian a Game-Changer in the Robotaxi Space?
• Neutral Sentiment: Operational productivity/AI initiatives — Uber’s CTO says engineers are accelerating with AI tooling (potential cost/productivity tailwinds), but benefits are incremental and longer term. Uber CTO Says 95% Of Engineers Use AI Tools Monthly As Coding Shift Accelerates
• Negative Sentiment: Deal skepticism and “up to” caveats — several outlets and analysts warned the Rivian pact includes conditional language and milestones, raising questions about timing, scale and capital exposure. Uber Can’t Save Rivian
• Negative Sentiment: Short‑term negative headlines and valuation concerns — critical pieces (Seeking Alpha, market commentators) flagged execution risk and stretched forward valuation, which pressures sentiment if optimism cools. Uber: I've Been Bullish For Years - Not Anymore
• Negative Sentiment: Corporate/operational noise — an insider sale was disclosed and there are localized driver strikes (Lagos) plus AV safety scrutiny from recent high‑profile incidents, all of which can sap near‑term confidence. SEC filing: Insider sale by Nikki Krishnamurthy Uber seeks dialogue as Lagos drivers continue strike

Insider Transactions at Uber Technologies

In other news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm's stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares of the company's stock, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares of the company's stock, valued at approximately $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. Wolfe Research cut their price target on Uber Technologies from $125.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. KeyCorp cut their target price on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 20th. The Goldman Sachs Group set a $125.00 price target on Uber Technologies in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group set a $72.00 price target on shares of Uber Technologies in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.29.

Uber Technologies Price Performance

UBER stock opened at $73.86 on Friday. The business has a fifty day moving average of $76.76 and a two-hundred day moving average of $85.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $152.01 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 6.91 and a beta of 1.22. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99.

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

Uber Technologies Profile

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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